Despite the slow price movement of Bitcoin, there has been a continued demand for spot Bitcoin exchange-traded funds, albeit with varying daily flow volumes. The ongoing interest indicates a growing belief among institutional investors that lower prices represent an opportunity rather than a hindrance.

This shows sustained long-term confidence, even as short-term volatility continues.

Bitcoin traders remain optimistic despite the price performance.

While Bitcoin's short-term price performance remains calm, on-chain data suggests cautious optimism. For example, funding rates across derivatives platforms remain positive, indicating that traders are still willing to pay to maintain long positions.