1. The price of Bitcoin has decreased by 1.58% in the past 24 hours, with bearish signals emerging from exponential moving average (EMA) crossovers, negative momentum in the MACD indicator, and price action near the lower band of the Bollinger Bands.
2. A significant capital rotation is observed as whales and large institutions sell Bitcoin to buy Ethereum, alongside continued negative net flows from Bitcoin exchange-traded funds (ETFs).
3. Despite the current market pressures, long-term bullish expectations continue, supported by new developments in the ecosystem that expand the utility of Bitcoin, along with institutions continuing to accumulate it.
