A brief spate of weaker inflows into the spot Bitcoin ETFs reverses as the week progresses, but BTC’s price has yet to continue its uptrend.
Bitcoin (BTC) saw continued weakness into Feb. 23 as consolidation accompanied a brief slowdown in institutional investment.
Data from Cointelegraph Markets Pro and TradingView showed BTC price action struggling around $51,000.
Bulls remained caught in a narrow trading zone, in place for more than a week, as concerns surfaced over inflows to the spot Bitcoin exchange-traded funds (ETFs).