Bitcoin price: bull trap likely as Fear and Greed Index falls,ETF outflows rise

Bitcoin price was largely unchanged on Wednesday morning as exchange-traded funds (ETFs) demand waned and the Crypto Fear and Greed Index dropped. BTC was trading at $77,173, a few points below this month's high of $79,000. Bitcoin price at risk as ETF inflows ease BTC price remained on edge on Wednesday as investors embraced a risk-off sentiment in the market. This was evident in the performance of the US stock market, with the Dow Jones and S&P 500 indices falling by over 0.50%. Asian indices like the Hang Seng and the Nikkei 225 also dropped. A major source of risk is the soaring crude oil prices, which have remained at an elevated level this week.