The rising funding rate in the Bitcoin market and the aggregated open interest suggest that bullish investors, or Bulls, are opening long positions in an attempt to defend the lows of the range and a key support at $70,000. However, another day of spot ETF outflows has raised concerns among investors about whether the institutional stance towards the cryptocurrency is shifting.
The True Retail Longs & Shorts Accounts indicator from Hyblock shows that retail investors are increasingly viewing dips as buying opportunities. Meanwhile, spot BTC ETFs surpassed $200 million, while cumulative outflows over the past seven days exceeded $1.5 billion.
The True Retail Longs & Shorts Accounts indicator from Hyblock shows that retail investors are increasingly viewing dips as buying opportunities. Meanwhile, spot BTC ETFs surpassed $200 million, while cumulative outflows over the past seven days exceeded $1.5 billion.