Bitcoin slips back to $80,000 after rally to $85,000 fails
- —Perpetual futures open interest rose 2.7% over the week, long funding payments up 13.2%
- —US spot bitcoin ETF inflows fell 39.2% week over week
- —Thursday outflows erased about 59% of the money that came in over the prior three days
- —The cost of downside protection rose, with the put-to-call gauge climbing from 8.9% to 10.4%
Why it matters: Leveraged longs remain crowded, so a further price drop could trigger forced liquidations and amplify the move lower.
Source: Crypto Insiders