BTC holding up well despite widespread pessimism, analysts say

According to DL News, London Crypto Club analysts David Brickell and Chris Mills argued in a report that Bitcoin is maintaining positive fundamentals despite widespread pessimism in the market. They noted that realized profits for BTC have decreased by approximately 96% year-over-year, significantly easing selling pressure. The cryptocurrency has also shown relative stability amid geopolitical tensions in the Middle East, falling by only about 0.2% over the past month and demonstrating relative strength compared to traditional safe-haven assets like gold. Institutional capital inflows are also continuing. In March, Bitcoin ETFs attracted around $1.2 billion in inflows, and over-the-counter (OTC) trading volumes are on the rise. The analysts added that more conservative investors, such as pension funds and university endowments, are increasingly entering the market.