Bitcoin Loses Steam but Institutional Demand Persists

Bitcoin's recent price action has been marked by two consecutive lower daily closes after facing rejection at $82,000.

BTC fell to $78,000 before recovering slightly and currently trades around $79,621, down 1.6% daily, with a trading volume decline of 18%

Institutional investors continued accumulating Bitcoin despite weakening price momentum

Morgan Stanley's MSBT Bitcoin ETF withdrew another 94.56 BTC from Coinbase Prime worth approximately $7.54 million over four days it received 355.33 BTC valued at around $28.3 million

The accumulation aligns with stronger demand across the broader ETF market, where spot Bitcoin ETFs recorded net inflows for three consecutive days, including a session that attracted $174 million