Bitcoin surged past $97,000, nearing the $100,000 mark as U.S. spot ETFs saw their largest inflows in three months, hitting $843.62 million. However, optimism was short-lived as Bitcoin dropped to $92,263.02 due to selling pressure from American whales. The Coinbase Premium Gap indicated increased selling activity by U.S. traders.

Read more at Yahoo Finance: American selling pressure bleeds Bitcoin