
Bitcoin trades little changed around $62,600 despite Strategy buying 1,550 BTC for $101 million. Risk-averse investors await U.S. inflation data and next week's Fed meeting. Derivatives markets show negative funding and put-heavy positioning, signaling persistent caution. The broader market also declined, with the CoinDesk 80 Index down 1.3%.
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Blame bitcoin's tumble on rising inflation, not Strategy, 10xResearch argues
Summary by ByteBrief