Bitcoin's rise above $80,000 lacks institutional conviction
- —Leveraged funds: net short fell from 39,877 to 32,602 BTC-equivalent
- —Asset managers: net long dropped from 18,866 to 14,133 BTC-equivalent
- —ETF inflows were $592.5 million on September 17–18 and $6.1 million for the week
- —BTC trades at $80,338 with daily volume of $22.38 billion
Why it matters: Mixed CFTC signals and near-zero weekly ETF inflows point to a lack of sustained institutional demand, raising the risk of a pullback from $82,000 resistance.
Source: CryptoSlate