Bitcoin is currently trailing behind the average price trajectory seen after previous halvings. If historical patterns hold, Bitcoin's price could range between $140,000 and $4.5 million, though it's still too early to make definitive predictions.

On the adoption front, Bitcoin exchange-traded funds (ETFs) saw a net outflow of $707 million last week, reflecting the difference between capital inflows and outflows in these investment vehicles. Ethereum, the second-largest cryptocurrency, also underperformed during this period.