๐จ ๐๐๐๐๐ ๐๐๐๐๐: ๐๐ก๐ ๐๐ง๐ฏ๐ข๐ฌ๐ข๐๐ฅ๐ ๐๐๐ง๐ ๐๐จ๐ฅ๐๐ข๐ง๐ ๐๐ข๐ญ๐๐จ๐ข๐ง ๐๐๐๐ค
Despite extremely bullish on-chain metrics and whale accumulation, Bitcoinโs price action remains muted around the $90k zone. Many are asking: Why aren't we flying yet?
๐ฐ ๐๐ก๐ ๐๐๐ฐ๐ฌ (๐๐๐๐ซ๐จ ๐๐จ๐ง๐ญ๐๐ฑ๐ญ): The answer lies outside crypto. This week, we are seeing a temporary strengthening of the US Dollar Index (DXY) and rising bond yields in traditional finance. Historically, when the Dollar gains strength, risk assets like stocks and crypto face short-term pressure.
๐ง ๐๐ก๐ ๐๐ง๐ฌ๏ฟฝ