Bitcoin edges higher in early Asian trade. Carsten Menke at Julius Baer expects volatility in bitcoin trading to remain elevated. Investors' holding conviction appears to be crumbling as prices stay under pressure, he says in a note. Markets are also grappling with selling fears following the announcement from Strategy, bitcoin's largest corporate holder, to raise cash. "Forced selling by such companies is an overhang for digital assets more broadly, but it is not what the markets are pricing at the moment," Menke says. Meanwhile, ongoing ETF outflows point to growing dissatisfaction with bitcoin's performance and concerns over potential U.S. rate hikes and a stronger dollar. Bitcoin is up 0.1% at $60,147.87. (jason.chau@wsj.com)