Bitcoin Grinds to a Halt at $105K as Traders Cash In and ETFs Bleed

Profit-taking frenzy and ETF outflows slam the brakes on Bitcoin's rally—because nothing kills momentum like humans being human.

Wall Street's latest 'safe haven' play? More like a game of hot potato with digital gold. The $105K stalemate proves even crypto isn't immune to gravity—or the herd mentality of panicked retail investors.

Meanwhile, institutional traders keep pretending they 'believe in the technology' while watching outflow metrics like hawks. Stay tuned for the next episode of 'When Lambo?'

Indicators offer little conviction in either direction. At 53, the RSI is in the neutral territory, neither oversold nor overbought. While longer-term moving averages continue to lean bullish, indicating the strength of the overall trend, momentum and MACD have slipped into sell territory. 

Another push toward $110,000 is possible if the price stays above the 30-day estimated moving average and buyers return with increased volume. However, the market might need more time to reset before regaining the highs set in late May, as many participants are already profiting and several short-term signals are cooling.