Despite almost $2 billion fleeing spot ETFs in the previous two weeks, analysts continued to retain a cautious stance on bitcoin. Assuming stablecoin liquidity is strong and long-term investors exercise patience, Bitcoin can withstand a certain amount of institutional selling.
For years, crypto rallies have revolved around familiar catalysts: Bitcoin halvings, ETF approvals and institutional adoption. Now, crypto bulls are increasingly focused on something far less glamorous but potentially far more important: Washington.