๐ Bitcoin in the ICUโฆ even with billions flowing into ETFs?
Despite strong inflows into spot ETFs (over $5.14B in 30 days), the BTC futures premium has dropped to a 3-month low. Derivatives traders are turning cautious โ and confidence in the $100K support is fading.
๐ง Market structure is still strong, but sentiment? On life support.
Institutions are buyingโฆ but retail is panicking.
Is this just fear before the next leg up โ or a warning before the dump? ๐ค
Time will tell. For now, all eyes on the derivatives market.
