Bitcoin Holds Near $87,000 Amidst ETF Outflows and Cautious Investor Sentiment

Bitcoin held near $87,000 despite significant ETF outflows, indicating cautious investor sentiment rather than a market exit. While Bitcoin and Ethereum saw recent gains, many major altcoins experienced weekly declines. Analysts suggest that despite a recent correction, Bitcoin's volatility and correlation with gold position it as a hedge against uncertain macro conditions. Record low exchange reserves support Bitcoin's price, with upcoming CPI data expected to influence future movements and potentially push BTC towards $90,000.