From my perspective, this doesn’t look like a Friday where Bitcoin gets meaningful support. The ETF inflows tell the story pretty clearly. We had heavy institutional buying earlier in the week, but by June 26 the inflow dropped to just 63 million USD. That’s not the kind of number that drives confidence going into the weekend.
The margin data reflects the same mood. There’s no aggressive long positioning, the debt growth cooled off fast, and the large money flow turned negative over the last 24 hours. It feels like the market is sitting back, waiting, not committing.
Technically, the chart matches that narrative. Bollinger Bands are tightening, RSI is neutral, MACD is weak but not falling apart, OBV is flat. It’s not a breakdown, but it’s not a setup for a breakout either.
If big ETF money doesn’t step in today, I expect the typical slow Friday afternoon and a quiet, slightly drifting weekend. I’m not seeing signs of heavy downside, but no clear upside fuel either. It feels like we’re in that indecisive zone where people protect positions rather than build them.
