🚹 Bitcoin Under Pressure — $38K Risk Emerging

Bitcoin is sliding, and the reasons are crystal clear: massive selling, ETF outflows, and macro uncertainty.

📊 Exchange & Whale Liquidations

‱ Binance: 23,152 BTC sold

‱ Kraken: 19,181 BTC sold

‱ Coinbase: 6,859 BTC sold

‱ Other whales: 14,740 BTC sold

đŸ’„ Total liquidations: $3.5B in just 2 hours

Aggressive distribution like this weakens order books and pushes BTC lower before buyers step in.

🏩 ETF Outflows & Macro Pressure

‱ Bitcoin ETFs recorded $545M net outflow on Feb 4

‱ Institutional caution removes a key support zone

‱ Global markets facing monetary tightening & liquidity stress → BTC mirrors risk-off sentiment

⚠ Stifel Warns of $38K Bitcoin

Historical cycle analysis suggests BTC could test $38,000 if:

‱ Fed policy stays tight

‱ Liquidity shrinks

‱ ETF outflows continue

Extreme fear is already showing in sentiment indicators — institutional and retail enthusiasm is fading.

🧠 Bottom Line

Bitcoin’s path depends on whether selling pressure eases or escalates in the coming weeks.

Traders should watch flows, ETF activity, and macro signals closely — the next move could be sharp.

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