π
On Thursday, June 18 at β° 1:00 AM Cambodia time, the πΊπΈ Federal Funds Rate decision (preview and forecast both at 3.75%) will be a β‘οΈ highβimpact event.
π If the rate is set above 3.75% β πͺ Gold prices usually fall.
π If the rate is set below 3.75% β πͺ Gold prices tend to rise.
π If the rate is set above 3.75% β πͺ Gold prices usually fall.
π If the rate is set below 3.75% β πͺ Gold prices tend to rise.
World central banks are incredibly bullish on gold:
45% of central banks said they plan to buy gold over the next 12 months, the highest reading on record, according to the World Gold Council survey of 74 central banks.
This percentage has more than doubled since 2020 and marks the 3rd consecutive annual increase.
Emerging market and developing economy central banks led the increase, with a record ~53% of this group planning to add gold, up from 48% last year.
Overall, 89% of central banks expect global gold reserves to increase over the next 12 months, the 2nd-highest reading on record.
Central banks are buying the gold dip.
45% of central banks said they plan to buy gold over the next 12 months, the highest reading on record, according to the World Gold Council survey of 74 central banks.
This percentage has more than doubled since 2020 and marks the 3rd consecutive annual increase.
Emerging market and developing economy central banks led the increase, with a record ~53% of this group planning to add gold, up from 48% last year.
Overall, 89% of central banks expect global gold reserves to increase over the next 12 months, the 2nd-highest reading on record.
Central banks are buying the gold dip.
#BTC Spot ETF Update β June 16
Bitcoin spot ETFs recorded a daily net inflow of $10.06M, bringing total ETF assets to $82.06B.
After several weeks of persistent outflows, flows have stabilized and returned to positive territory. Despite the modest inflow, total assets remain well below previous cycle highs, while BTC trades at $65,675.
The latest data suggests institutional demand is improving, although inflows remain relatively limited compared to earlier accumulation periods.
Bitcoin spot ETFs recorded a daily net inflow of $10.06M, bringing total ETF assets to $82.06B.
After several weeks of persistent outflows, flows have stabilized and returned to positive territory. Despite the modest inflow, total assets remain well below previous cycle highs, while BTC trades at $65,675.
The latest data suggests institutional demand is improving, although inflows remain relatively limited compared to earlier accumulation periods.
Forwarded from Premium Club
#BTC Update
Price action is expanding exactly as planned.
The algorithmic draw is expected to deliver price directly into Support Zone 1: $64,250 β $63,750. Stick to the plan. Do not chase the noise.
@cryptosignals
Price action is expanding exactly as planned.
The algorithmic draw is expected to deliver price directly into Support Zone 1: $64,250 β $63,750. Stick to the plan. Do not chase the noise.
@cryptosignals
Forwarded from D Man
You can see here at LiqTide metric that a lot of money went from bitcoin to AI big caps, and we have seen this actually happening lately, they boomed while crypto stagnated/lost.
Same happens with money flowing to gold from stablecoins, actual gold. This is very good metric LiqTide.com tracks
Same happens with money flowing to gold from stablecoins, actual gold. This is very good metric LiqTide.com tracks
#BTC is now in the Discount Zone. Watching price action closely around the 4H Demand Zone for potential setups.
https://s3.tradingview.com/snapshots/n/Nqws5RpP.png
https://s3.tradingview.com/snapshots/n/Nqws5RpP.png
