Bitcoin is facing pressure again as large money is moving out from spot Bitcoin funds. Over the last few days more than 1 billion dollars left these funds and that has made traders more careful in the market.
Bitcoin tried to stay above 80000 but the move slowed down near 82000 and price dropped again near 79400. Rising inflation in the US is also making investors nervous because many expected easier market conditions this year.
What is interesting now is that Bitcoin price is not reacting to ETF flows like before. Earlier strong inflows pushed the market higher very fast but now even large outflows are not causing panic selling everywhere.
The market still looks uncertain in the short term but many long term holders are watching key support levels closely before the next big move.