In a volatile market, Bitcoin has seen significant losses, dropping below $95,000 and erasing year-to-date gains. While gold has outperformed, institutional interest in Bitcoin is weakening. Recent analysis points to substantial ETF withdrawals and reduced investor demand as key factors behind this decline. 8,178 BTC were purchased by MicroStrategy CEO Michael Saylor during the market downturn, signaling a long-term commitment to Bitcoin despite these challenges. This follows weeks of outflows exceeding $1.1 billion in US spot Bitcoin ETFs. The resulting ripple effect is being felt across the cryptocurrency market, impacting Ethereum and Solana as well. Experts believe that future trends may be influenced by global economic factors and macroeconomic developments, with potential stimuli yet to be seen.