Bitcoin Updates: Bitcoin Climbs Even as ETF Outflows Hit Record Highs and Hopes for Fed Rate Cuts Fade
- Bitcoin rebounds as markets price a 46% chance of a December Fed rate cut, down from 93.7% in October. - U.S. spot Bitcoin ETFs saw $523M in single-day outflows, with BlackRock's IBIT leading $2.1B in redemptions. - Technical indicators show a fourth "death cross" and declining liquidity amid unresolved macro risks. - Traders add $5.7M in short positions, reflecting broader caution as crypto faces regulatory and volatility challenges.
Bitcoin Recovers as Odds of December Fed Rate Cut Increase
Bitcoin (BTC) has started to bounce back as traders adjust their outlook for a possible Federal Reserve rate cut in December, even as spot
These redemptions run counter to historical patterns, as
Technical signals have also sparked caution.
At the same time, traders are bracing for more losses.
The ETF withdrawals underscore deeper issues in the crypto sector, such as regulatory ambiguity and security threats
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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