Glassnode: Futures and ETF Investors Drove Bitcoin's Selloff
- —BTC fell below $81,000 on Thursday and ended the week down about 3%
- —Weekly net flows into spot Bitcoin ETFs flipped to roughly $700 million in outflows
- —Funding rates dropped below the lower bound of their historical range
- —The 25-delta skew more than doubled as demand for downside protection rose
Why it matters: ETF outflows and futures selling may keep BTC below $83,000, though rising realized cap signals capital is still flowing in.
Source: Bitcoin Sistemi