**Bitcoin Takes a Breather: Institutions Pause Stablecoin Frenzy**
- Bitcoin (BTC) took a 3.9% dip, trading at $58,930 after hitting a weekly high of $62,510. đ
- Onchain analytics suggest the drop is due to institutional investors halting their stablecoin accumulation.
- Tether minted $1.3 billion USDT recently, fueling a 21% BTC recovery from $49,500 to over $60,000.
- Analysts say BTC needs to reclaim $60,600 for the next upward move.
- US Bitcoin ETFs saw $89 million in net negative outflows, impacting BTC's momentum.
Stay tuned for more market twists and turns!