Bitcoin Price Forecast: BTC struggles amid ETF outflows, bearish futures data
From fxstreet.com
Bitcoin (BTC) is trading below $91,000 at press time on Monday, struggling to hold above the 50-day Exponential Moving Average (EMA) at $91,548. A steady outflow from US spot Bitcoin Exchange Traded Funds (ETFs) reflects weakened institutional demand, risking a decline in market sentiment. Meanwhile, the derivatives market witnesses a selling bias with a greater number of active short positions. Bitcoin remains under pressure amid geopolitical tensions between the US and other countries, including Venezuela and Greenland, the US Supreme Court’s next ruling on tariffs coming on Wednesday, and US President Donald ...
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