Important collection restaurants
The ETF inflow of Bitcoin refueled 80%, but traders remain active, with open interest increased and 95.8% of the supply that is still in profit, so that the stage for fresh demand or short-term correction is set.
Bitcoin [BTC] Had a slow week, but not without signals that are worth seeing.
BTC ETF entry, an amazing 80% fell compared to the last week – the sharpest decrease in months, according to the recent Glassnode report.
For a market that is largely powered by institutional enthusiasm, that kind of pullback is difficult to ignore.
Source: Glassnode
Derivatives remain heat
Despite that, the derivatives markets were still hot. Open interest in CME -Futures remains increased, according to cryptoquant data.
This suggests that traders, especially speculators are always positioned in the short term pending a further rally, even slowing down ETF streams.
Source: Cryptuquant
The profit levels remain high, but also risks
By adding another layer to the story, it appears that data on the chain still has 95.8% of the BTC offer in profit. That is a powerful sign of long-term power but also a warning.
When almost every holder is in the green, the risk of taking profit increases, especially when the momentum is fighting.
This in turn could be a spark panic mode among short-term holders, and as a result it could ultimately initiate a short correction on the BTC price diagram.
Source: Cryptuquant
That possibility is exacerbated by another soft metric: active addresses.
Weekly activity slipped from the beginning of July, and hinted that large portfolio holders hesitate, neither selling in panic nor aggressively. It is a “wait -and -see” silence.
Source: Cryptuquant
What the mixed signals from the market mean for BTC
The collection meal for Bitcoin investors and traders seems to be this: BTC is being trapped in a moment of hesitation. Institutional buyers take a breathing activity, on the chains is soothing, but traders are not yet ready to throw the towel in the towel.
With almost all the coins that are still in profit, any further weakness can cause a wave of sales pressure. The next step probably depends on whether a new question – either of the retail or institutions – will soon be stepping.
Otherwise BTC can get a short -term correction before the next rally.