Bitcoin’s Rally Faces Headwind: Institutional Interest Dissipating

Despite Bitcoin hovering around $95,000, a potential slowdown in institutional investment is emerging. Although the price remains strong, recent data reveals a concerning trend: a dwindling influx of funds into Bitcoin-related Exchange Traded Funds (ETFs). On April 30th alone, investors withdrew a substantial net amount of $56.23 million from Bitcoin spot ETFs, signaling a potential shift in institutional interest.