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Bitcoin Price Forecast: Institutional selling, Middle East tensions keep BTC under pressure
Bitcoin (BTC) remains under pressure, struggling below $64,000 on Monday after posting its worst one-week return this year. Institutional sell-off remains severe with spot Exchange Traded Funds (ETFs) recording the fourth week of steady outflows of billions since mid-May. Meanwhile, escalating tensions between Israel and Iran continue to dampen risk appetite, weighing on risk-sensitive assets such as Crypto King and potentially capping its recovery. Institutional demand fell severely, leading to a sharp correction in Bitcoin. SoSoValue weekly data show that spot BTC ETFs recorded an outflow of $1.72 billion last ... (full story)
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