BTC USD signal sell

Bitcoin (BTC) price has been consolidating between $94,000 and $100,000 since early February, hovering around $98,000 at the time of writing on Friday. Despite this consolidation, US Bitcoin spot Exchange Traded Funds (ETFs) data recorded a total net outflow of $489.60 million until Thursday, hinting signs of weakness among institutional investors. Moreover, a CryptoQuant’s report suggests that if demand growth and liquidity conditions do not improve, the price of Bitcoin could decline to $86,000.


Bitcoin’s price consolidates between $94,000 and $100,000 while its institutional demand weakens this week. According to Coinglass, Bitcoin spot ETF data recorded outflows totaling $489.6 million until Thursday, after $580.2 million the previous week. If the magnitude of the outflow continues and intensifies, the Bitcoin price could see further corrections.