BTC is gathering momentum before a significant move. For the past 10 days, Bitcoin has been stabilizing between $94,000 and $100,000, currently sitting at $97,000. However, US Bitcoin spot ETFs show a net outflow of $650.80 million, indicating weak institutional demand. Macroeconomic data and Trump's support for a Russia-Ukraine peace deal have also impacted prices.
With Bitcoin's fixed supply narrative gaining appeal amid growing inflation concerns, institutional interest may shift. Watch for potential price adjustments if outflows continue.
