Krutika Adani
After the 7 June, Bitcoin ETFs have been seeing zero to negative inflows for most of the month.
Bitcoin's price has been stuck in a narrow range of $62k to $65k, which has caused investors to worry.
Major factors that have caused selling pressure on Bitcoin are miner sales, government sales, low demand in the market, and profit booking by large investors.
The last major inflow was seen on 28 June, which has again sparked hopes that once Ethereum ETFs are launched, the news could trigger a rally in crypto markets.
If Bitcoin's price falls below the $60k support level, it might trigger another market selloff, as $60k has been an average buying price for many investors.