Bitcoin (BTC) price increased by 5.5% on Aug. 6 yet struggled to maintain levels above $57,000 despite positive momentum in traditional financial markets. On Aug. 7, the Euronext 100 index rose by 2.2%, and oil prices surged by 2.8%. This suggests that Bitcoin’s price correction is less about global economic conditions and more about market-specific factors, as derivatives metrics indicate a lack of enthusiasm. Outflows from spot Bitcoin ETFs and “Mr. 100” triggered a turmoilSome analysts attribute Bitcoin’s weakness to whales reducing their positions after a long period of accumulation, inclu…