Standard Chartered: Disappearance of major buyer stalls BTC price

Bitcoin's current sideways price movement is due to a lack of buying pressure, according to Eric Robertsen, Head of FX Research at Standard Chartered. He explained that a primary buying force, which he believes was a single entity responsible for the bulk of spot ETF inflows, has now vanished. Robertsen noted that since this entity's exit, fund flows into BTC spot ETFs have either stagnated or turned to net outflows.