• Although ETF inflows and regulatory developments are favorable, the Bitcoin market remains stagnant, with trading prices between $100,000 and $110,000.

  • Some analysts say that short-term holders and miners are intensifying selling pressure, offsetting ETF-driven demand and maintaining price stability.

  • Observers point out that as Bitcoin matures, long-term investors are turning to other assets, which may lead to a cooling of market activity.

  • Despite the influx of spot ETFs, the surge in stablecoin market capitalization, and positive developments in U.S. regulation, leading cryptocurrencies by market capitalization still lack direction, fluctuating between $100,000 and $110,000.

  • This marks a record of trading back and forth above the $100,000 mark for 42 consecutive days. The question is: in the face of growing concerns about the U.S. fiscal situation, who has been selling BTC and quietly offsetting the inflow of ETFs?

    Alexander Blume, managing partner at registered investment advisor Two Prime, stated that BTC is facing unique headwinds in the transition from speculative buyers to long-term investors.