Bitcoin Faces Crucial Support Level Pressure as Institutional Apathy Persists

Bitcoin’s price is at a critical juncture, facing potential pressure from declining institutional investment. Bitfinex analysts warn that the lack of significant buying from these entities is hindering the defense of key support levels around $107,000 to $108,000. This comes after a recent surge in market volatility following US President Trump’s tariff announcement earlier this month, resulting in substantial net outflows from Bitcoin spot ETFs, exceeding $1.23 billion according to Farside.