CoinShares: Bitcoin Faces Three Major Pressures, Market in Fragile Bottoming Phase CoinShares states that Bitcoin is under threefold pressure: the Fed's hawkish stance, the fluctuating situation in Iran, and the stalled progress of the Clarity Act. Bitcoin ETFs have seen net outflows of approximately $8 billion over the past eight weeks, but have turned back to inflows over the last three trading days. After Strategy sold 3,588 BTC, the market has been able to absorb it smoothly. Meanwhile, the probability of the Clarity Act passing has dropped from 74% to around 48%. Overall, Bitcoin remains in a fragile bottoming phase, but the market is not out of control yet.