Bitcoin’s lackluster performance has triggered a wave of bearish sentiment among institutional investors, with on-chain data showing a decline in miner accumulation. The exit of $903 million from BTC spot ETFs indicates waning institutional interest, potentially leading to further price drops. Historically, ETF flows have influenced BTC’s price, with outflows now suggesting fading institutional participation. Falling miner reserves also indicate miners are selling rather than accumulating BTC, adding to the coin’s bearish outlook. If outflows continue and miners keep selling, BTC’s price could dip towards $107,557. However, increased demand could push it above $110,034 and rally towards $111,961.

Read more at Yahoo Finance: Bitcoin Price Stalls Amid ETF Outflows And Miner’s Pullback