"Bitcoin is still just chopping around," one analyst said.
Bitcoin broke below $30K. Some analysts see value opportunities while others expect further downside.
Demand indicators include the Purpose ETF experiencing a slowdown in net inflows and GBTC trading at a notable discount.
The company has been meeting prospective investors and is working with an adviser on the round, Bloomberg reported.
Ethereum funds saw inflows rise for the third consecutive week.
Despite the pickup in demand for $22K puts, the options market remains biased bullish for the long term.
If $30,000 is broken, the next level of support is seen around $27,000.
"The last four adjustments have been downward, and it now looks like the blockchain is back to normal," one analyst said.
Neighboring Kazakhstan has attracted many crypto mining firms as they look for greener pastures outside China.
Plus: Correcting misconceptions about institutional interest in crypto, and why Circle going public may bring greater regulatory clarity in the U.S. for stablecoins.
El Salvador President Nayib Bukele's brothers reportedly presented the plan to foreign investors.
Also, Circle might be an attractive "starter stock for the cautious" when it goes public, according to one analyst.
For the first time ever, a publicly traded company is navigating crypto's doldrums. Wall Street analysts may not react kindly.
Policymakers should not be concerned, the researchers wrote: Only 0.02% of coronavirus-relief checks ended up in bitcoin.
The "Bitcoin price prediction" report canvassed 42 panelists from finance, technology and academia.