BTC is still looking bearish next, reasons as follows: 1: Exchange balances surged by 7,195 BTC in a single day → More coins are being transferred from wallets to exchanges, whales are getting ready to sell. 2: Coinbase has had 6 consecutive days of negative premium → U.S. institutions (Wall Street) are not accumulating, instead, selling pressure is increasing. 3: ETF funds have seen net outflows for 4 consecutive days recently.