Bitcoin De Hold for $111K–$117K Amid 2,400 BTC ETF Money Comot
Bitcoin dey trade between $111,000 and $117,000 this week, wey mark 5% gain for 90 days. Spot Bitcoin ETFs don see net outflow of 2,400 BTC for the past seven days. Even with the outflow, seven-day average trading volume still high at 545,000 BTC per day, wey dey reduce distribution pressure on institutional holders. For the macro side, Federal Reserve signals dey indicate say some easing fit happen soon. As yields dey fall, e don support Bitcoin price, but tariff risks plus rising input costs still dey pose wahala. Market indicators show say Bitcoin dey for late bull market phase, with measured consolidation wey show say e strong. Traders suppose watch ETF flows and macro trends for short-term moves as dem consider the bigger bullish momentum.
Neutral
Bitcoin price action dis week show say e dey do measured consolidation inside clear bullish trend. The net ETF outflow of 2,400 BTC fit mean say institutional investors dey do short-term profit-taking. But, steady high trading volumes and good macro signals—like possible Fed easing and falling yields—show market still get im core strength. For history, similar times of consolidation with ETF outflows for 2021–2022 come before more rallies once macro wahala ease. For short term, traders fit see small volatility as market dey digest ETF flows and macro updates. For long term, if yields keep falling and Fed policy shift to easing, Bitcoin fit continue im upward path. So, overall effect of this news na neutral, show say pressure balance between distribution from ETFs and the underlying bullish momentum.