Bitcoin SV Jumps 14% on Asian Demand via Upbit, but Capital Outflows Weigh on Price
- —BSV rose 14% in 24 hours, with Upbit volume reaching $38 million
- —Perpetual market netflow was -$1.6 million after $23.35 million in sales
- —Spot netflow stayed positive at $558,020 following $3.33 million in sales
- —Perpetual open interest stands at $59.82 million with a 0.0051% funding rate
Why it matters: The rally rests on Asian demand and bullish sentiment, but capital outflows from perpetual and spot markets could reverse the price.
Source: AMBCrypto