Today's BTC Overview:
Price oscillates between 88k–91k;
In November, the spot ETF has seen a cumulative net outflow of about 3.7B USD, but OI has fallen and the funding rate has turned negative (Binance -0.0004%), indicating more of a cooling of leverage rather than a trend collapse.
As a former bank analyst, I lean towards considering this a phase of turnover.
On-chain: Whales are accumulating at low levels around 86k, forming a support band.
Macro: Tonight's Fed data may change risk appetite, so pay attention to volatility and false breakouts.
