Bitcoin-ETF continue to attract capital: on Wednesday, they raised more than $ 900 million new funds.
Despite the high interest in ETF, the open interest in bitcoin has decreased, and financing rates became negative. This may indicate a change in short -term mood in the market.
Bitcoin-ETF remain popular
Spot Bitcoin-ETF continue to attract the attention of investors, increasing the influx of $ 916.91 million on Wednesday.
This is the fourth day in a row with tributaries, which emphasizes the growing interest of institutional investors in bitcoin, especially when the price of the coin is trying to stay higher than $ 90,000.
On Wednesday, ETF BlackRock IBIT recorded the largest day -day clean influx of $ 643.16 million, increasing the total accumulated clean influx to $ 40.63 billion.
ETF Arkb from Ark Invest and 21Shares took second place with a clean tributary of $ 129.50 million. The total historical clean tributary of ETF is now $ 3 billion.
Traders come out of positions
Trade activity in crypto has decreased over the past 24 hours, and the total market capitalization has decreased by $ 18 billion.
A recent decline led to a fall in BTC price by 1%. This is reflected in a decrease in open interest in cryptocurrency futures, which indicates a decrease in trade activity. At the time of publication, the figure is $ 64.54 billion, which is 5% less than the day earlier.
When the price of the asset and open interest falls sharply, this indicates that traders close positions, and do not open new ones. Such behavior may indicate weak confidence and a possible trim reversal or a deeper correction in the BTC market.
In addition, the BTC financing rate has become negative again, which indicates the dominance of short traders who are now paying for maintaining their positions. At the time of writing, it is -0.0053%.
The negative BTC financing rate means that sellers in short positions pay to Longists for maintaining positions. This indicates the predominance of bear mood in the market and suggests that traders expect a further decline in the price of a coin.
High demand for plate options in the BTC market today confirms the bear forecast. According to Deribit, the ratio of the Bullets to the Kollam for BTC is now 1.36.
This indicates a bear’s mood among traders. The ratio shows growing expectations of price reduction.
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Source: Cryptocurrency
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