Bitcoin Struggles Below $30,000 as ETF Update Looms: Flows Dormant, Institutional Money on Hold
![Bitcoin Struggles Below $30,000 as ETF Update Looms: Flows Dormant, Institutional Money on Hold](https://admin.es-fxmag-com.usermd.net/api/image?url=media/pics/bitcoin-struggles-below-30-000-as-etf-update-looms-flows-dormant-institutional-money-on-hold.jpeg&w=1200)
Bitcoin continues to waver, tentatively falling below the $30,000 level, which is just the June low. As the cryptoverse awaits a pivotal Bitcoin ETF update, flows remain dormant. The institutional money is not buying right now and retail is struggling with the current macro backdrop. Bitcoin seems poised to be stuck in a range, which could warrant a slightly further dip towards the $29,500 level.