BTC’s strongest weekly close in eight months is encouraging, but I think the next move matters more than the milestone itself.
What stands out to me is the contrast between price and demand. BTC closed around $86.5K even as ETF inflows slowed sharply and leverage continued to come down. That could mean the market is becoming less crowded, but it also raises the question of whether enough fresh buying is left to push prices higher.
The $87.4K–$87.6K zone is the level I’m watching. BTC has struggled there several times, so a clean break backed by stronger spot volume would be more convincing than another brief move above resistance.
On the other hand, lower funding and open interest suggest this rally may be less dependent on leveraged positions than before.
Personally, I wouldn’t call this a confirmed breakout yet, but I wouldn’t dismiss it either.
Can BTC reclaim $87.6K with real spot demand, or will weakening inflows turn this into another rejection?
What stands out to me is the contrast between price and demand. BTC closed around $86.5K even as ETF inflows slowed sharply and leverage continued to come down. That could mean the market is becoming less crowded, but it also raises the question of whether enough fresh buying is left to push prices higher.
The $87.4K–$87.6K zone is the level I’m watching. BTC has struggled there several times, so a clean break backed by stronger spot volume would be more convincing than another brief move above resistance.
On the other hand, lower funding and open interest suggest this rally may be less dependent on leveraged positions than before.
Personally, I wouldn’t call this a confirmed breakout yet, but I wouldn’t dismiss it either.
Can BTC reclaim $87.6K with real spot demand, or will weakening inflows turn this into another rejection?