Markets· ★★★· bearish·

Bitcoin open interest slips below yearly average for second time since August

  • —BTC 7DMA open interest dropped below the 365DMA for the second time since 25 August
  • —Spot ETF outflows totaled $228.4 million last week versus $678.9 million prior
  • —30-day ETF flows remain net positive at +15.4k BTC
  • —Spot demand has turned negative again, with futures demand propping up total demand
Why it matters: Falling open interest and persistent ETF outflows signal cautious positioning and raise the risk of a stalling BTC rally without a spot demand recovery.
#BTC
Source: AMBCrypto
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