





Bitcoin's price has been fluctuating around the $100,000 mark, with significant movements observed in both the spot and futures markets. On the Chicago Mercantile Exchange (CME), Bitcoin futures hit $100,000, while the spot price remained at approximately $98,000. The market has seen a 5% drop to $95,719 this week, accompanied by outflows from Bitcoin exchange-traded funds (ETFs) amounting to $435 million on Monday and $122 million on Tuesday. Institutional interest in Bitcoin is growing, evidenced by the $61 billion in open interest on CME futures. Meanwhile, short-term sellers have contributed to 44% of the sell pressure, suggesting a potential market correction. The struggle to break the $100,000 resistance has led to a shift in investor attention from Bitcoin to altcoins, with long-term holders cashing out.