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Markus Thielen from 10x Research stated that the outflow of ETF funds, macro resistance, and lack of catalyst are driving down BTC prices, and believes that there is a risk for BTC prices to fall below the range of $50000 to $46000 to $47000. Markus Thielen holds a bearish view on Bitcoin and Ethereum, and points out that HYPE is overvalued at $72 and is unlikely to reach $100. In addition, the outflow of $4.5 billion in ETF funds and Saylor's Bitcoin sales have had an impact on the market. (CoinDesk)