[20/8, 12:49 PM] Morning Bloom: Long Article:
1. Bitcoin faced significant selling pressure, with over $523.3 million exiting from exchange-traded funds (ETFs) on August 19, and whales selling $3.45 billion worth of Bitcoin over six days, contributing to its recent decline of 1.29%.
2. Despite the negativity in the market and large outflows of money, Bitcoin's technical indicators, including the MACD and the Relative Strength Index (RSI), show early signals of a potential bullish rebound from its current price of $114,016.45.
3. Positive developments include new opportunities for returns for Bitcoin holders through the yield vault from Solv Protocol, which offers a return of 5-6%, and increased institutional confidence, as clearly demonstrated by Google's investment in a Bitcoin mining company.
