Bitcoin traded around $71,000 on Wednesday, holding onto gains from earlier in the week but showing signs of consolidation as institutional sentiment remains divided. Despite the modest recovery, spot exchange-traded fund (ETF) flows point to growing indecision among large investors. Data from CoinGlass showed Bitcoin spot ETFs recorded inflows of $167.20 million on Monday, followed by outflows of $66.60 million on Tuesday, reflecting a lack of conviction in either direction. Derivative market positioning echoed that caution, with traders showing no strong directional bias. The subdued activity suggests Bitcoin may remain range-bound in the near term.
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