Wintermute: Bitcoin remains in a 60-day trading range, and record ETF outflows suggest potential selling pressure in the US

According to Wintermute’s analysis, Bitcoin has seen a steady trading range of 85,000 USD to 94,000 USD for 60 days, with recent attempts to surpass 97,000 USD failing due to lack of buying support.

The shift from ETF inflows in January to record outflows reflects a potential selling trend among institutional investors, with the Coinbase premium suggesting US market selling pressure.