๐Ÿ“ˆ Bitcoin Under Pressure: US Inflation Slows, but Sellers Return


Bitcoin faced another wave of selling from US traders following the latest inflation data. Despite a decline in CPI, bulls failed to sustain the rally.


๐Ÿ“Š Key Events

US CPI for January fell to 2.8%, while core inflation dropped to 3.1% (vs. expectations of 3.2%), indicating slowing inflation.

$BTC / $USDT reached $84,560 before reversing and dropping to $81,600.

Wall Street sellers re-emerged, putting pressure on the crypto market.


๐Ÿ“Š Institutional Factor

Net outflows from #Bitcoin ETFs totaled $153.87 million, led by GBTC sales.

Grayscale reduced its BTC holdings by 641 coins, signaling growing caution among institutional investors.


๐Ÿ”Ž Conclusion

Slowing US inflation is a positive sign, but the market remains under pressure. BTC may continue battling for key support levels in the near term. Investors are closely watching market reactions and Fed decisions.


Do you think #BTC will hold above $82K? ๐Ÿ”„


#BTC Price Analysis#

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March 12, 2025 at 8:27 PM
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