Bitcoin is experiencing a tough month, currently trading at around $73,500 USD, and is expected to close the month with losses of nearly 3%.

Investors are closely monitoring the market for any opportunity for a rebound that could help it hold onto an important level.
There are several reasons behind this.
ETFs have seen large inflows, futures markets are filled with leveraged positions, and there is talk of another buy strategy happening soon.
Factors currently affecting Bitcoin's price
One of the most significant events impacting Bitcoin's price is the ETF market.
During this period, ETF companies collectively sold about 19,021 Bitcoins.
To clarify, this amount is equivalent to roughly 42 days of the newly mined Bitcoin supply.
BlackRock led the list of companies that sold approximately 12,757 Bitcoins.
Grayscale reduced its holdings by about 2,741 Bitcoins, and Fidelity sold nearly 2,232 Bitcoins, while other issuers also recorded net sales.