3 days ago
7
Bitcoin is trading at $104,913 currently, down 1% in the last 24 hours. The coin has failed to break through $105K since May 30, and this is scaring off investors.
BlackRock’s IBIT still led ETF inflows, pulling in nearly $284 million. Its total net inflows have now reached $48.78 billion. Meanwhile, Fidelity’s FBTC saw the biggest outflow, losing $197 million on the day.
Futures markets also showed signs of slowing. Open interest in Bitcoin futures dropped to $70.09 billion, a 1% fall. This shows that traders are closing new positions as they wait for definitive direction in the market.
Despite the slow-down, there is still hope. Market analysis on Deribit shows growing interest in call options, or bets that Bitcoin’s value will rise. This suggests there are some traders positioning themselves for a potential break-out.
Collectively, the decline in ETF inflows reflects growing market caution. The majority of investors appear to be waiting for a clear signal—either a rally to above $105,000 or further correction.
Until then, Bitcoin seems stuck and the next meaningful direction will depend on whether or not the bulls or the bears take over.
English (US) · 