Bitcoin Stuck Below Its Onchain Line in the Sand as ETF Outflows Keep Liquidity Choked

Bitcoin is currently struggling to rise above a critical threshold on its on-chain metrics, often referred to as its "line in the sand." This stagnation can be attributed to significant outflows from exchange-traded funds (ETFs), which are exerting pressure on the market and contributing to a tight liquidity environment. As a result, the cryptocurrency is finding it increasingly difficult to gain traction and push upward amid these challenging conditions. source: https://blocknews.com/bitcoin-stuck-below-its-onchain-line-in-the-sand-as-etf-outflows-keep-liquidity-choked/