🚀 Bitcoin ETF attracts $431M in one day – however, investor sentiment is somewhat hesitant

📈 Large inflows from institutions

The Bitcoin ETF recorded over $430 million in inflows in the most recent session – the highest level since the end of May, indicating a warming demand for institutional investment.

🔝 BlackRock & Fidelity lead

BlackRock IBIT accounted for the majority with ~$337M, while Fidelity FBTC also attracted around $67M – reflecting the continuous confidence from major institutions.

📉 BTC price stagnates, profit-taking inventory revealed

Although the inflows are strong, the price of Bitcoin remains flat – reflecting profit-taking activities near the bottom and a decrease in open interest of futures contracts.

⚠️ Derivatives divergence – warning signal

Open interest is falling, short positions are increasing, along with rising demand for put options – indicating that a cautious sentiment is gradually enveloping the market despite the prevailing upward trend.