Bitcoin’s Price Struggle Pushes Traders to Re-Evaluate its Role in Portfolios

Recent price action has seen Bitcoin struggle to break past $105,000 due to US macroeconomic headwinds. However, stable inflows from institutional investors and the strong $100,000 support point towards growing confidence in Bitcoin’s long-term potential. ๐Ÿ“ˆ ๐Ÿ’ฐ ๐Ÿ“Š. Despite Bitcoin’s recent attempts to climb above $105,000 since May 10th, traders have voiced doubts regarding its sustained bullish momentum. ๐Ÿคจ The decline in leveraged long positions as reflected by the decrease in Bitcoin futures premium indicates a shift in investor sentiment. ๐Ÿ“‰ This coincides with broader macroeconomic uncertainty, as Bitcoin’s price closely tracks fluctuations in the stock market. ๐Ÿ“ˆ๐Ÿ“‰ ๐Ÿ“š