CryptoQuant analyst Axel Adler Jr. reported that Bitcoin traded in a tight band of $111,000–$117,000 this week, delivering a 90‑day return of approximately +5%. The price action and performance metrics suggest a market in measured consolidation rather than a trend breakout.
Spot ETF flows showed a net outflow of 2,400 BTC over seven days, while the seven‑day average trading volume remained elevated at 545,000 BTC/day, a dynamic that appears to ease immediate distribution pressure for institutional holders.
On the macro front, signals from the Federal Reserve have pointed toward potential future easing and declining yields have provided support, although tariff and input‑cost headwinds persist. The Index Market Phase indicator currently places Bitcoin in a late bull market phase.
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Source: https://en.coinotag.com/breakingnews/bitcoin-consolidates-at-111k-117k-amid-2400-btc-spot-etf-outflow-market-in-late-bull-phase/