Bitcoin Pulls Back to $79,000 Following 23% Weekly Rally

Bitcoin has retreated to approximately $79,000 after a 23% surge over the past week. Despite a 1.2% decline in the last 24 hours, institutional demand remains robust, with U.S. spot Bitcoin ETFs recording $314 million in net inflows on Tuesday, marking the seventh consecutive day of positive flows. Analysts view $82,000 and $85,000 as the next resistance levels. While derivatives data shows traders closing positions rather than aggressively shorting, SUI futures open interest has hit a record high of $838 million, accompanied by a 5% price drop, suggesting