🔍 Key Drivers & What to Watch
· The Iran Factor: The failed talks are the primary driver. A possible end to the Middle East ceasefire is keeping investors on edge .
· ETF Outflows: Institutional money is pulling back. US spot Bitcoin ETFs saw a large net outflow of $291 million over April 18-19 .
· The Week Ahead (Apr 20-26):
· Token Unlocks: LayerZero (ZRO) and KAITO (KAITO) unlock tokens today (~$40M and $8M respectively), which could add sell pressure .
· Regulation: Tennessee is holding a hearing on the Strategic Bitcoin Reserve Act .