Bitcoin’s price rose by 1.28% today, exceeding $110,000. Institutional inflows of $20 million into U.S. ETFs and an increase in China’s M2 money supply are significant contributors to this bullish trend.
Despite positive indicators, heavy selling pressure and negative retail sentiment could hinder Bitcoin’s near-term growth. Approximately $48 million in Bitcoin was sold by retail investors today, indicating potential bearish sentiment.
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