"According to market flows, futures traders stepped in aggressively as volatility spiked and equities regained traction, while pockets of opportunistic buying emerged. The rebound was helped by easing long liquidation pressure, allowing bitcoin to stage a recovery that was more technical than fundamental. Still, the structure of the rebound remains fragile. Data from SoSo Value shows that US spot bitcoin ETFs attracted less than 70 million dollars of inflows across Monday and Tuesday, a strikingly weak response for such a deep selloff."
"CoinGlass reported that futures open interest jumped more than 7% today to 134 billion dollars, rising by roughly 12 billion from the November trough. When derivatives outperform spot and ETF flows so decisively, the recovery tends to be speculative and algorithmic, rather than the start of a durable uptrend. The bounce came after reaching a key bullish order block between $84.5K-$83.4K. Whale behaviour adds another layer of uncertainty."
Bitcoin rebounded sharply and stabilized above $93,000 after erasing most of Monday's losses. Futures traders stepped in amid rising volatility and equities strength, while opportunistic buying contributed. The recovery was aided by easing long liquidation pressure and was more technical than fundamental. US spot bitcoin ETFs recorded under $70 million of inflows across Monday and Tuesday, indicating weak spot demand. On-balance volume on Coinbase remained near recent lows, signaling limited genuine accumulation. Futures open interest climbed over 7% to $134 billion, and whale address counts showed slight increases but continued signs of distribution.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]