Bitcoin has fallen about 12% in April, and if bears sustain the lower levels, it will be the worst-performing month since November 2022, according to data from CoinGlass. Bitcoin bulls could continue to face challenges in May because the month has produced a negative monthly close for the past three years. The near-term uncertainty in Bitcoin’s price has resulted in net outflows from the spot Bitcoin exchange-traded funds for three consecutive days from April 24, per Farside Investors data. This suggests that traders are cautious and are waiting for Bitcoin to resume its upmove before buying again. Even as Bitcoin ... (full story)