$BTC #BTCUp1.17%
📊 BTC is trading at $84,175, up 1.42% over 24 hours.
The price is holding strong, but underlying flows paint a more mixed picture.
ETF flows:
• U.S. spot Bitcoin ETFs recorded net outflows of $678.9 million this week
• The latest one-day figure was $487.1 million
• Total ETF assets stand at around $107.4 billion
Outflows alongside a modest price gain point to weakening institutional demand. Spot buying and derivatives buying are only partially offsetting this pressure.
Liquidations:
• $167M in futures positions were liquidated across the market over 24 hours
• $115M were short positions, while long positions totaled $52.03 million
• BTC short positions: $35.09 million; long positions: $5.84 million
Forced short covering fueled buying during the day, showing that leveraged positions were skewed bearish while the price continued to find support.
Macroeconomic backdrop:
• Persistently high oil prices and rising Treasury yields continue to weigh on valuations of risk assets
• The U.S. trade deficit widened to $105.6 billion in August, erasing early gains from tariffs
• CPI and PPI data are due this week, followed by .
📊 BTC is trading at $84,175, up 1.42% over 24 hours.
The price is holding strong, but underlying flows paint a more mixed picture.
ETF flows:
• U.S. spot Bitcoin ETFs recorded net outflows of $678.9 million this week
• The latest one-day figure was $487.1 million
• Total ETF assets stand at around $107.4 billion
Outflows alongside a modest price gain point to weakening institutional demand. Spot buying and derivatives buying are only partially offsetting this pressure.
Liquidations:
• $167M in futures positions were liquidated across the market over 24 hours
• $115M were short positions, while long positions totaled $52.03 million
• BTC short positions: $35.09 million; long positions: $5.84 million
Forced short covering fueled buying during the day, showing that leveraged positions were skewed bearish while the price continued to find support.
Macroeconomic backdrop:
• Persistently high oil prices and rising Treasury yields continue to weigh on valuations of risk assets
• The U.S. trade deficit widened to $105.6 billion in August, erasing early gains from tariffs
• CPI and PPI data are due this week, followed by .