Bitcoin holds near $80K as failed $85K push leaves leverage and hedges elevated
- —Futures open interest rose 2.7% to $37.5 billion, with long funding above its high band
- —Spot CVD deepened to -$80.5 million from -$46.8 million a week earlier
- —Weekly spot bitcoin ETF inflows slowed to $296.8 million from $487.8 million
- —Options 25-delta skew climbed to 10.4% from 8.9% as traders bid for downside protection
Why it matters: Elevated leverage and growing hedges raise the risk of a sharp move if price breaks $80,000 in either direction.
Source: Bitcoin Insider