Bitcoin on the rise with net inflows into spot ETFs on 5 trading days… Now PCE is in the spotlight

Bitcoin showed further growth, supported by continuous inflows of funds into exchange-traded funds (ETFs). As of 2:25 p.m. on the 27th, Bitcoin was
The net cap is at $65,214 (approximately 9.54 million yen), up 2.69% from 24 hours ago.
As of the 25th, the Bitcoin Spot ETF recorded inflows for five consecutive trading days. Since the Federal Reserve's "big cut," investment sentiment toward Bitcoin Spot ETFs has also improved.
However, we need to keep an eye on the results of the August U.S. personal consumption expenditures (PCE) that will be announced by the U.S. Department of Labor on the 27th (local time).
Along with the Consumer Price Index (CPI), this is an economic indicator that the Fed uses as a reference when deciding the tone of its monetary policy, and the results of this announcement can be used to gauge the Fed's willingness to further cut interest rates.
According to crypto asset data provider Alternatives.me, the Crypto Greed/Fear Index was at "neutral" level at 50 points on the day, down 9 points from the previous day.
The index is positioned at a level where a reading of 0 indicates extreme fear, while a reading closer to 100 indicates extreme optimism.
According to CryptoQuant, as of today's time, the exchange's net deposit and withdrawal volumes were higher than the average for the past seven days.
Generally, the net deposit/withdrawal volume is the amount of coins deposited in the exchange minus the amount withdrawn. In the case of spot exchanges, the higher the value, the higher the selling pressure of the coin. In the case of futures exchanges,
This is interpreted as increasing volatility risk.