#Bitcoin Slipping Despite $527M ETF Inflow!
Despite massive $527M inflows into US Spot #Bitcoin ETFs (led by BlackRock $IBIT), #BTC couldn't hold momentum and fell below its 50-day average near $81,380.
Key Takeaways:
Hedging Spikes: Traders are aggressively protecting against losses. The $80,000 Put is now the most actively traded option among short-term holders.
Long Liquidations: Long positions absorbed over 69% of liquidations, driven by high funding rates (~8.8%).
Mixed ETF Flows: Massive inflows in $IBIT were offset by outflows across other issuers, keeping overall spot demand fragmented.
💡 Market Outlook:
Holding above $80,000 is crucial. A break below this support level could trigger automated selling as put hedges kick in.
Are you buying the dip or hedging your positions? Drop your thoughts below! 👇
#Bitcoin #BTC #Ethereum #ETH #IBIT #CryptoNews #BinanceSquare #OptionsTrading #CryptoMarket
Despite massive $527M inflows into US Spot #Bitcoin ETFs (led by BlackRock $IBIT), #BTC couldn't hold momentum and fell below its 50-day average near $81,380.
Key Takeaways:
Hedging Spikes: Traders are aggressively protecting against losses. The $80,000 Put is now the most actively traded option among short-term holders.
Long Liquidations: Long positions absorbed over 69% of liquidations, driven by high funding rates (~8.8%).
Mixed ETF Flows: Massive inflows in $IBIT were offset by outflows across other issuers, keeping overall spot demand fragmented.
💡 Market Outlook:
Holding above $80,000 is crucial. A break below this support level could trigger automated selling as put hedges kick in.
Are you buying the dip or hedging your positions? Drop your thoughts below! 👇
#Bitcoin #BTC #Ethereum #ETH #IBIT #CryptoNews #BinanceSquare #OptionsTrading #CryptoMarket