Welcome to the BTC Lighthouse report.

BTC Lighthouse Temperature

The Bitcoin price continues to be range-bound between $60k and $65k since a month.

The BTC Lighthouse temperature continues to be in the neutral zone.

Bitcoin Performance

Bitcoin outperforms all other asset classes but underperforms the best-performing individual stocks.

Bitcoin ETF Inflows Remain Stagnant

After a blip of demand over the last week, Bitcoin ETF flows remain stagnant.

The Money Printing Has Paused

Bitcoin and other risk assets increase in price when central banks print money. We are in a cyclical period when the money printing has paused, which could impact Bitcoin's demand.

Out Of Daily Conversations

After resurfacing in daily conversations at the beginning of this year, Bitcoin is no longer a current topic.

Summary

It was another slow week for Bitcoin, with stagnant news and stagnant price movement. I believe this is a period of consolidation before Bitcoin's next move up. The macro-environment continues to pose a risk to Bitcoin's price in the short term.

This Is Not A Meme

Jared Bernstein is the Chair of the Council of Economic Advisers, the leading agency advising Biden on economic policy.

Watch his comical response in the clip below when asked why the US government borrows its currency when it can print it.

That's why Bitcoin protects your money.

Please give your comments and feedback on this report. See you in the next block.

Sandeep Goenka