Bitcoin briefly climbed above $92,000 after news broke that U.S. federal prosecutors have opened a criminal investigation into Federal Reserve Chair Jerome Powell. Despite this seemingly bullish catalyst, traders remain skeptical, pointing to significant outflows from Bitcoin ETFs and weak demand for leveraged long positions. Two key indicators highlight the market's cautious sentiment: • Institutional Selling: Bitcoin ETFs have recorded $1.38 billion in net outflows across just four trading sessions, signaling that major players are selling. • Weak Bullish Momentum: Data from BTC futures shows a neutral 5% basis ... (full story)