Although $BTC is rising, the 7-day open interest average has once again fallen below the 365-day average, indicating a decline in contract interest. Meanwhile, spot ETFs have experienced two consecutive weeks of net outflows, signaling weakening institutional buying and a renewed decline in spot demand—currently, the price is primarily supported by futures. In short, prices are rising, but capital hasn’t followed. The key focus going forward will be whether ETFs can see inflows again and whether spot buying demand can recover; otherwise, the sustainability of this rebound remains questionable. https://t.co/obLb66L0FA
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