Bitcoin pulled back roughly 6% from its recent $98K levels as regulatory headwinds intensified. The CLARITY Act's stalled progress, combined with ongoing disputes around stablecoin yield mechanisms, has left traditional banks concerned about potential deposit migration. Yet the institutional side tells a different story—US spot Bitcoin ETFs captured their strongest weekly inflows since October, signaling persistent institutional demand despite the pullback. Market participants are now calibrating their positions around upcoming PCE inflation readings and GDP data, treating these economic indicators as pivotal signals for near-term directional moves. The divergence between macro uncertainty and spot ETF accumulation underscores the nuanced state of current market sentiment.