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Bitcoin’s Momentum Under Fire | Bitcoin and Crypto News
Description
Bitcoin’s recent six-day winning streak, its longest since March, may be fleeting as key indicators signal weakening U.S. demand and institutional doubt. The Coinbase Premium has been negative for 50 days, showing Bitcoin cheaper on U.S. exchanges, while U.S. spot ETFs face eight straight weeks of outflows. Rising global bond yields, especially in Japan hitting a 30-year high, add pressure. Analysts caution that without sustained ETF inflows—particularly from giants like BlackRock—the market remains speculative. A glimmer of hope emerges if ETF outflows reverse, but stablecoin market caps are falling, suggesting broader capital flight from crypto.
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