170 million dollars in the appearance external flow BTC

Bitcoin has faced great difficulty in exceeding the mark of $ 85,000 this week, and its price remains lower than this major resistance.

Bitcoin fans are increasingly frustrated as the cryptocurrency is struggling to maintain ascending momentum. Along with this stagnation in prices, there was a noticeable decrease in open attention and ETF flows, which reflect the increasing uncertainty in the market.

ETF flows Bitcoin spot on

Spot Bitcoin ETFS is suffering from heavy outflows recently, with $ 171.1 million in external flows on Wednesday, April 16 alone, representing the top of this week. This shift indicates the investor’s confidence in Bitcoin as market conditions Stay down. Since more investors withdraw their money, it highlights the decreasing confidence in the short -term Bitcoin horizons.

Continuous external flows indicate that the feeling of the broader market corresponds to bitcoin. Heavy money movement away from Bitcoin etfs It indicates that investors are growing careful, driven by Bitcoin’s failure to obtain a foothold of more than $ 85,000. This deficiency in the price growth led to uncertainty and frequency among merchants.

Open attention needs a boost

Open interest in Bitcoin It is still less than $ 36 billion, a sign that merchants are skeptical of Bitcoin’s direct future. Despite some early optimism earlier this year, the lack of any recovery or a large price movement kept the open interest stagnant.

This flatness in open attention indicates that Bitcoin is facing a period of frequency in the market. Merchants seem hesitant to make aggressive bets on any of the two directions, given the stagnant price and the wider market conditions. Without an increase in open attention, Bitcoin may struggle to get out of its current scope.

The financing rate is recovered

Despite doubt, Bitcoin financing A modern transformation has witnessed. After it is negative for some time, it has become positive in the past few hours, which reflects a slight rise in the optimism of the market.

While the positive financing rate indicates renewed optimism, it is still too early to determine whether this feeling will lead to a continuation of upward prices. A continuous positive financing rate may indicate that bitcoin may see a more important recovery if the wider market conditions improved.

Calls are placed

Interest data opens on this optimistic shift, as call options are now dominating the market, with more than 169,760 calls.

The dominance of calls indicates that the market participants expect a bullish step. This is despite the last lack of progress in the price of bitcoin. Whether this optimism will be achieved depends on the wider market trends and the Bitcoin capacity to exceed the $ 85,000 barrier.