Bitcoin exchange-traded funds (ETFs) continued their streak of inflows on Monday, attracting over $500 million in new capital, marking seven consecutive days of positive flows.
Sustained momentum reflects a revival of investor interest in Bitcoin exposure through regulated investment instruments, even amid broader market volatility.
Bitcoin ETFs are showing a stable inflow of funds
On Monday, Bitcoin spot ETFs attracted new investor demand, recording $591.29 million in net inflows and extending their winning streak to the seventh consecutive day. This occurred as the leading token sought stable support above the price of $94,000. Again, the iShares Bitcoin Trust (IBIT) from BlackRock led the pack, recording the largest inflow among its peers. The fund recorded inflows totaling $970.93 million, bringing its total cumulative net inflow to $42.17 billion.
ARKB, the spot Bitcoin ETF managed by Ark Invest and 21Shares, recorded the largest net outflow yesterday. On Monday, $226.30 million left the fund. Despite this setback, ARKB's overall historical net inflow remains at $2.88 billion.
The rise in open interest and bearish sentiment in the options market is forming prerequisites
Open interest in the Bitcoin futures market increased by 2% over the last day, indicating a rise in the number of open futures contracts. The token price marked a modest increase of 0.14% during the same period. The increase in open interest suggests that more traders are opening new positions rather than closing existing ones. This bullish signal could strengthen the Bitcoin price rally in the short term.
At the time of writing, the Bitcoin funding rate stands at 0%, indicating a balanced market between long and short positions. This neutral funding rate suggests a lack of immediate dominance by bulls or bears in the perpetual futures market for the token. This reduces the likelihood of sudden liquidations, meaning that any significant price movement will likely require new momentum rather than being triggered by squeezes caused by leverage.
However, the sentiment among Bitcoin options traders is clear. Today's high demand for put options indicates a more cautious or bearish outlook among Bitcoin options traders. The growing interest in these bearish contracts shows that many investors expect a potential price pullback for Bitcoin, despite recent inflows into Bitcoin ETFs.
Until a clear breakout or breakdown occurs, Bitcoin may continue to consolidate within a narrow range.#Write2Earn #BinanceSquare #ArizonaBTCReserve #crypto #TradingSignals $BTC