BTC rally at risk as US retail, institutional demand wanes

Bitcoin is holding relatively firm despite the war in the Middle East and a surge in oil prices, but some indicators suggest its upward momentum could be stalling, CoinDesk reported. The Coinbase Premium is currently at its lowest level in a month, signaling a relative weakening of demand from U.S. investors. Additionally, inflows into spot ETFs, which represent institutional demand, have fallen short of expectations. While spot ETFs recorded a net inflow of $1.53 billion in March, breaking a previous trend of outflows, the pace of these inflows has slowed sharply recently. The analysis concluded that more sustained and powerful inflows are necessary for Bitcoin to regain its upward momentum.