Bitcoins’ price has dropped over 2.5% over the last 24 hours, to $83,400. Fears over trade tariffs escalating and a softer institutional demand have weighed on the market.
The combination of two bearish signals has caused traders to be cautious.
The data indicates that institutional investors are not as interested in Bitcoin, especially through the spot Bitcoin Exchange-Traded Funds (ETFs) which has acted this year as an indicator of broader market sentiment.
A notable absence of whale accumulation is adding to the pressure. Recent buying by large holders has been minimal, and Bitcoin’s value was rejected at important technical trendlines. This further stopped the upward movement.
Bitcoin is vulnerable to further corrections if macroeconomic uncertainties persist, due to the absence of bullish catalysers and the persistent withdrawals from institutional product.
Bitcoin Pepe is a new project that continues to be in high demand.
Bitcoin Pepe’s presale will soon reach $7 million.
BTC Bullish Sentiments Fading?
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Farside Investors reports that spot Bitcoin ETFs have seen a net outflow of $964 Million between March 28th and April 15th.
As global trade tensions increased and fears of recession grew, the persistent pressure to sell crypto assets arose.
CryptoQuant reported on April 14, that ETFs are no longer in high demand.
Julio Moreno pointed out that the Bull Score Index is a measure of market confidence. It has been below 50 in 58 of 60 recent sessions, effectively showing a sustained decline.
The ETFs, however, have seen two consecutive days of positive inflows. The US BTC-related ETFs experienced a net flow of $76 million on Tuesday.
Bitcoin Pepe’s presale is still going strong
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Bitcoin Pepe has positioned itself to be a key player at the intersection between meme culture and innovation in blockchain technology.
The PEP-20 standard is being introduced, which allows investors to create meme coins on the Bitcoin Network.
In just a few short weeks, the presale for Bitcoin Pepe’s native token BPEP has raised over $6.7 Million, indicating a strong interest from investors.
Pre-sale is divided into 30 phases, with each stage featuring 5% increase in price.
The most recent presale rounds have closed in record time due to increased demand.
The price of BPEP rose from $0.0021 at launch to $0.0031 in stage 9. Stage 10 is expected to bring the price up to $0.0326.
The token is expected to reach $0.0864 at the end of presale.
Bitcoin Pepe is a great opportunity
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Bitcoin Pepe is a meme coin that has been able to survive in a crowded market.
Bitcoin Pepe, which was launched in the presale on February 20, has maintained its momentum and is a solid investment for those who invest early.
A potential listing of the project on an exchange in 2025’s second quarter could be a catalyst to further increase prices.
Bitcoin Pepe makes history by being the first Bitcoin meme ICO in the world. It integrates meme culture into the Bitcoin eco-system.
Bitcoin Pepe, the first Layer 2 meme solution for Bitcoin, aims to bring together the security and scalability of Bitcoin along with Solana. This could be a game changer in the crypto world.
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