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u/benjamincolee
9 hours ago
btc pulled back to 63,495 ahead of tonight's cpi report
btc pulled back about 0.66% today, sitting around 63,495. fear & greed's at 37 (fear territory), some spot etf outflows adding pressure too after the recent rejection near 65k.
tonight's cpi print is probably the real catalyst here. softer than expected and rate cut hopes come back, probably helps price recover. hotter number and this probably pushes toward the 62,700-62,400 support zone instead. resistance sits around 64,400-65,200 if we bounce.
also worth noting, wallets holding 10k+ btc just hit a 6 month high (90 wallets, up from 84 eight weeks ago), so theres been steady accumulation from bigger holders even with price stuck in this range.
how's everyone positioning into tonight, and does the accumulation actually mean anything if price doesnt break out of this range soon