US spot Bitcoin ETFs registered slight outflows this week. Lower US inflation data boosted prices temporarily, but gains were undone after the Fed's hawkish interest-rate projections. Prices look set for a further correction before the uptrend can continue, technical indicators show. Bitcoin price looks set for a mild fall this week, weighed by slight outflows in the US spot ETFs and the US Federal Reserve keeping a hawkish interest-rate outlook despite easing inflation.
BTC/USDT 1day chart Bitcoin price still faces uncertainty Data from Santiment’s Defi liquidations on Aave and Compound, a money market protocol built on the Ethereum blockchain, where users can earn interest by lending their assets and borrowers can obtain loans by using their assets as collateral. Liquidation on the Defi platform Aave and Compound for BTC refers to the process of selling a borrower's collateralized Bitcoin assets to repay a portion or all of their outstanding debt.