Why Bitcoin’s Price Is Struggling to Rise
A jaw-dropping $5 billion Bitcoin whale sale is believed to be the cause of the current price drop
Initially, spot ETFs triggered buying activity, but Grayscale's outflows of 38,000 BTC contributed to negative sentiment
Bitcoin's price fluctuations signal uncertainty in the market, with potential support believed to be at $40,000 and risk of revisiting $38,000
Despite current challenges, increased ETF inflows could help Bitcoin reach the $50,000 mark.