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Institutional investor sentiment over digital assets took another beating last week, with “poor sentiment” around Bitcoin leading to yet another week of outflows of digital asset investment products
#BTC
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Today’s move led to bitcoin remaining close to a three-week high at $28,473, which was marginally below a ceiling at $28,500. #BTC
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Bitcoin up 4.4% on May 28, meanwhile, failed to convince everyone that bulls might now have the upper hand. #BTC
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BTC lost ~$27600 as support two weeks ago and now has positioned itself for a retest/reclaim of this same level.” #BTC
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The bulls managed to protect the $18.70 support on May 24 and 25, but they could not start a strong relief rally in Solana That indicates a lack of demand at higher levels. #solana
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Bitcoin is currently at a decision point, with Short-Term Holders being the primary lens to view this correction #BTC
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