Bitcoin bulls have pushed the price above $92,000, but higher levels may attract sellers. The net outflows of $1.37 billion from BTC exchange-traded funds from Tuesday to Friday last week, according to SoSoValue data, show that institutional investors remain cautious. Fidelity Investments director of global macro Jurrien Timmer said in a post on X that BTC is “following the internet S-curve a lot closer now than the power law curve.” He added that if BTC consolidates for the next year, then the $65,000 level “could become a do-or-die line in the sand” for BTC. Irrespective of the near-term uncertainty, the world’s ... (full story)