📊 Market structure is flashing caution signals for #Bitcoin.

▫️ Price action remains range-bound.
▫️ Perpetual futures open interest continues to rise.
▫️ Spot demand is weakening.

When leverage increases while spot buying declines, rallies can become fragile and more vulnerable to sharp liquidations.

Without strong spot inflows, derivative-driven momentum may struggle to sustain higher prices.

For now, the bulls need real demand—not more leverage.

#BTC #bitcoin #trading #OnChain
#BitcoinETFWeeklyOutflowsDrop87%
$BTC