"Even as bitcoin pushes higher, traders do not seem sufficiently encouraged to deploy larger amounts of capital. They are waiting for US inflation data and the start of earnings season, which keeps risk-taking constrained and upside fragile. That hesitation is visible in derivatives. Total crypto futures open interest has slipped to a 10-day low of $135.8Baccording to CoinGlass, a sign that traders are deliberately avoiding another cascading liquidation event."
"Spot flows are not giving a strong green light either. Bitcoin spot ETFs recorded about $113M in inflows yesterday, but that came after a week of $680M in net outflows and four sessions of persistent selling, according to SoSo Value. While on-chain behaviour remains mixed. According to BGeometrics, the number of whale addresses holding between1K and 10K BTC is still hovering near its 2024 low in 1921 as of Sunday, which does not reflect any meaningful return of strategic accumulation."
"With liquidity and accumulation still weak, bitcoin's advance faces real obstacles. We need to see consistent buying across spot, on-chain, and derivatives markets before this can be called a durable bull move rather than a fragile rally. That fragility matters because the macro calendar is heavy. Markets are awaiting the Consumer Price Index today and PPI tomorrow, while the unofficial start of earnings season begins with JPMorgan reporting today, followed by several major banks later in the week."
Bitcoin advanced for a third consecutive day and is holding above $91K, but market participation remains cautious rather than committed. Traders are delaying larger capital deployment pending US inflation data and the start of earnings season, which constrains risk-taking and leaves upside fragile. Crypto futures open interest fell to a 10-day low of $135.8B, signaling avoidance of cascading liquidations. Bitcoin spot ETFs saw about $113M inflows yesterday after a week of $680M net outflows and four sessions of selling. Whale holdings between 1K and 10K BTC remain near 2024 lows, showing little strategic accumulation. Elevated macro events and escalating Middle East tensions add further uncertainty.
#bitcoin #futures-open-interest #spot-etf-flows #on-chain-whale-activity #macro-and-geopolitical-risk
Read at London Business News | Londonlovesbusiness.com
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