Despite the average daily inflow of $843.62 million into US spot Bitcoin ETFs last week, Bitcoin prices still fell from nearly $97,000 to about $92,263. Analysts attribute this decline to selling pressure from major US whales. The Coinbase Premium Gap is negative, indicating that during the weekend when traditional markets are closed, US selling activity was more active.
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Despite the average daily inflow of $843.62 million into US spot Bitcoin ETFs last week, Bitcoin prices still fell from nearly $97,000 to about $92,263. Analysts attribute this decline to selling pressure from major US whales. The Coinbase Premium Gap is negative, indicating that during the weekend when traditional markets are closed, US selling activity was more active.