Bitcoin just reminded everyone how quickly macro can change the crypto mood. 👀
BTC pushed as high as **$81.4K**, but after the latest Jackson Hole remarks from Fed Chair Jerome Powell, the rally reversed sharply. Bitcoin briefly fell below **$78K**, with the market reacting to renewed concerns about a September rate hike.
The move also triggered a wave of leveraged liquidations. KuCoin’s latest market update puts total crypto liquidations around **$369M over 24 hours**, with long positions taking much of the hit.
But here’s where things get interesting:
Institutional demand hasn’t completely disappeared.
Spot Bitcoin ETFs had recorded roughly **$2.8B of inflows across eight consecutive sessions** through Wednesday, showing that the bigger-money story remains very different from short-term leveraged trading.
So I’m watching two things now:
Macro pressure vs. ETF demand.**
If buyers keep absorbing the pullbacks, this could simply be volatility around a key resistance zone. If macro pressure keeps building, BTC may need more time to recover.
Do you think this is a healthy pullback—or the start of a deeper correction?
#Bitcoin #Crypto #BitcoinETF #CryptoNews #Ethereum
