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$75K or bearish ‘regime shift?’ Five things to know in Bitcoin this week
Bitcoin starts a new week at an important crossroads as analysis sees the chance for a new short squeeze • Bitcoin closes the week above a key 200-week trend line, leading to fresh belief in a trip to $75,000. • Liquidations stay elevated, with a trader noting that longs should be in the driving seat going forward. • US inflation data piles up, saving risk-asset volatility for later in the week. • Bitcoin onchain profitability data paints a dangerous picture, with the net unrealized profit and loss ratio hitting three-year highs. • Loss-making UTXOs suggest that Bitcoin may be at the start of a new bear ... (full story)
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