Hey, guys,
at the moment one of the key factors influencing bitcoin price is spot ETFs, as you can see from the histogram since January since adoption, we have had continuous inflows from the funds, which gave bitcoin a great performance in the first quarter.
At the moment we can see that the inflow of funds has decreased and there are even occasional red days when there is an outflow of funds, which has caused bitcoin to consolidate and form a triangle pattern for the time being.
Stay tuned.
