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Though lower than the prior week, last week's inflow of 6,148 $
BTC
into US spot ETFs marks the 7th consecutive week of net inflows - highlighting consistent demand despite cooling momentum.
#BTC
#ETF
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Entity-adjusted URPD shows a clear institutional skew in the #Bitcoin market over the past 6 months. Above $90k, activity is led by 100–10k $BTC holders. Wallets >100k $BTC are most concentrated at $74k–76k, large whales (10k–100k) at $78k–79k, $85k–90k, and near current levels
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$BTC Options Put/Call Open Interest ratio recently fell from 0.64 to 0.56, as call OI declined from $28.7B to $24.7B and put OI dropped from $18.4B to $13.9B. Positioning remains call-heavy, but the unwind in both legs points to reduced conviction amid choppy price action.
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Realized Profit Surge Entity-adjusted realized profit spiked above $500M/hour three times in the past 24 hours, signaling intense profit-taking activity.
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The recent #Bitcoin ATH breakout has led to a notable uptick in profits locked in, with the average coin capturing a +16% profit. Fewer than 8% of trading days have been more profitable for investors, suggesting a meaningful transition into profit-taking activity is underway.
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3–5y $BTC holders reached an ATH of 15.7% of supply on Nov 9, 2024 - the highest since Mar 2017. They began selling soon after, paused, then resumed in Apr 2025. Now at 11.9%, their supply share remains well above the ~3% cycle low - still a major overhang.
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