Although new developments did occur yesterday, risk sentiment was generally under pressure and the foreign exchange market as a whole reacted coldly, although the risk of events that occurred this week has increased today due to the semi-annual testimony of Fed Chairman Powell. Powell’s suggestion that the Fed’s rate of return will rise will be closely watched, so Bitcoin’s trend is already clear.
It seems that those bitcoins went to multiple Coinbase custody wallets. US institutional investors are still buying Bitcoin at 48k. This is the strongest bullish signal I have ever seen.
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