Bitcoin’s price has declined over 2.5% in the last 24 hours to $83,400 due to concerns about tariff impacts affecting investor sentiment. Several factors contribute to this downward trend, including sluggish institutional demand as spot Bitcoin ETF flows turn negative, stalled bullish momentum, low whale accumulation, and price rejection at key trendlines. ETF demand is cooling, with persistent outflows signaling a substantial withdrawal of institutional investors. Meanwhile, the Bear Score Index, which indicates market health, has remained below 50 for 58 of the last 60 days, marking the longest bearish streak since September 2022. Whale holdings have also decreased significantly, with a monthly accumulation rate dropping to its slowest pace since February. Bitcoin's decline is further exacerbated by a prevailing downtrend, with key resistance levels at the 50-day and 200-day simple moving averages. The next support level to watch is the psychological threshold at $80,000, with concerns that further declines may occur without a catalyst to renew bullish sentiment.

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