š„ WILL BITCOIN REMAIN RESILIENT AGAINST IMMEDIATE THREATS
Bitcoin price has remained in a positive zone during the last 24 hours in line with the Overall Market Cap surge. Bitcoin and Crypto Market faces short-term threats to its Price Stability due to following immediate threats.
1. US-IRAN TENSIONS. The tensions between US-Iran pose a greater threat to global financial markets an Crypto market. US military action might create greater FUD in the crypto market.
2. JAPANESE YEN STRENGTH. Japanese Yen potential rise and stability might affect global liquidity supply. Yen strength affects global unwinding of the carry-trade facility. It affects Risky assets like Crypto, especially BTC.
3. BITCOIN ETF OUTFLOWS. Massive net Outflows of Bitcoin Spot ETFs during January indicates reduced appetite for BTC and reduced institutional support.
4. US GOVERNMENT SHUTDOWN ODDS. There are increasing odds for the US Government's Shutdown, resulting in uncertainty, delays in release of important Data, delaying regulatory progress on CLARITY Bill etc.
5. BITCOIN OPTIONS EXPIRY. Bitcoin faces Options Expiry of $8.5 Billion on Friday can cause elevated volatility and directional pressure on the prices.
6. FOMC MEETING AND POWELL'S SPEECH. FOMC Meeting decision about the rate cuts ( no chances of rate cuts) and more importantly, Fed Chair Powell's Speech and future policy hints about inflation and rate cuts etc.
