Bitcoin ETF Inflows Fail to Boost Price Amid Miners' Selling Pressure

The current price of Bitcoin has been affected by strong spot exchange-traded fund (ETF) inflows, amounting to $471 million on Monday. However, this influx was not enough to sustain the level above $70,000 due to selling pressure from public miners. Publicly listed companies such as MARA Holdings and Riot Platforms have reportedly sold large quantities of Bitcoin in recent weeks, contributing to the downward pressure. Furthermore, options markets have indicated a cautious sentiment with a 17% put premium, suggesting high demand for downside protection. The market is awaiting further developments, particularly after reports of military operations in Iran, which may impact global risk assets and influence cryptocurrency prices.