
Bitcoin rallies near $86K as momentum and derivatives positioning improve ahead of quarterly options expiry
- —BTC momentum rose from 47.7 to 53.6, a 12.5% weekly increase
- —Spot CVD flipped from -$97.9M to +$46M as spot volume rose 13% to $6.18B
- —Futures open interest climbed 2.7% to $37.28B; long-side funding rose 47%
- —US spot Bitcoin ETF net flows stayed negative at $311.4M, but ETF volume jumped 42% to $16.2B
Why it matters: Recovering spot demand and rising leverage into a $16B+ expiry will decide whether BTC holds above $85,000.
Source: FXStreet Crypto