Bitcoin Pullback Amidst Institutional Interest, Market Remains Optimistic

After experiencing gains of over 12% in the past week, Bitcoin’s price has retreated to approximately $92,500. This pullback follows significant institutional interest and ETF inflows on April 21st, which fueled a surge that saw it reach highs of $94,000. While this retreat reveals challenges in breaking key resistance levels, the positive sentiment is driven by increased institutional participation as seen through substantial ETF inflows. Notable ETFs like ARK 21Shares and Fidelity Wise Origin have reported large inflows, showcasing renewed institutional demand in the face of market volatility.