Bitcoin reclaims $86K as spot buying returns, but ETFs bleed $300M
- —Bitcoin gained over 11% in a week, trading near $85,877
- —Exchange spot taker flows flipped from net selling to net buying
- —Bitcoin options open interest climbed to about $41 billion
- —Weekly net outflows from bitcoin ETFs reached roughly $300 million
Why it matters: The rally is relying less on short liquidations, but rising funding rates and open interest leave the market exposed to sharp deleveraging if spot demand fades.
Source: Blockmedia