Woofun AI data shows that the Coinbase Premium Index has remained negative for 50 consecutive days, indicating lower BTC prices on Coinbase compared to Binance. This metric reflects subdued demand in the U.S. market, while U.S. Bitcoin spot ETFs have experienced net outflows for eight straight weeks. Rising Japanese bond yields are increasing borrowing costs globally, potentially creating resistance for BTC. Bitfinex analysts note that institutional buying pressure remains unconfirmed until BlackRock's iShares Bitcoin Strategy ETF resumes inflows. Conversely, QCP Capital suggests the short-term outlook is constructive if ETF inflows continue. The firm adds that a reclaim of $64,000 by BTC would boost sentiment and ease concerns regarding MicroStrategy.