**Bitcoin Faces Hurdles Despite Market Momentum**

Bitcoin (BTC) saw a 5.5% price increase on Aug. 6, but struggled to stay above $57,000. Traditional markets showed positive signs, with the Euronext 100 index up 2.2% and oil prices rising 2.8%. However, Bitcoin's issues seem market-specific.

Key Points:

- Outflows from Bitcoin ETFs and major holders like "Mr. 100" are causing concern.

- "Mr. 100" withdrew nearly 6,000 BTC on Aug. 7, sparking fears of a local top.

- U.S. Bitcoin ETFs saw $554 million in outflows from Aug. 2 to Aug. 6.

- Derivatives metrics and stablecoin demand signal low confidence.

- China's USDC premium dropped to 1%, indicating reduced buying interest.

Bitcoin's road to reclaiming $57,000 remains tough amid these challenges.