Despite the start of short -term rebound in the entire crypto market, the continuous withdrawals of Crypto ETF suggest that institutional feeling remains cautious. The constant outings thus draw up a current table of Bitcoin investors looking for security or perhaps simply pending, while volatility follows its course. The ETF Bitcoin records new fund releases Thursday, the net outings of the BTC ETF totaled $ 149.66 million, reflecting an increase of 17 % compared to the 127.12 million dollars in outings observed on Wednesday. It is a sixth consecutive day of withdrawals from ETF Bitcoin funds in cash, emphasizing increasing prudence and feeling in decline among BTC institutional investors. Total net flow of Bitcoin ETF in cash. Source: Sosovalue indeed, according to Sosovalue, the Grayscale Bitcoin Mini Trust ETF $ BTC recorded the largest net flow entering that day with a total of $ 9.87 million, bringing the historic flow of the fund to $ 1.15 billion. Fidelity’s FBTC ETF known its biggest net on Wednesday, totaling $ 74.67 million. At the time of writing this article, its total historic net flow is $ 11.40 billion. The market for Bitcoin derivative products remains optimistic in parallel, the open interest of future (or contract contracts) of the BTC has undergone a slight blow, agreeing with the decline in the entire market. At the time of writing this article, it amounts to $ 51.73 billion, down 7 % during the last day, while the activity of the Crypto market decreased in the last 24 hours, during which the BTC value fell by 2 %. Open interest of future BTCs. Source: Co -Co -Co -recalling, a drop in interest opened during a price drop suggests that traders are closing positions rather than opening new ones. This therefore indicates a possible stabilization phase or reduced volatility to come. But that’s not all. Funding rates remain positive and purchase options are in great demand; These are two signals considered to be bullish. At the time of writing this article, the BTC financing rate is indeed 0.0015 %. The financing rate is a recurrent payment exchanged between long and short traders in the markets of perpetual future to align the prices of contracts with the cash market. A positive financing rate like this therefore indicates that long traders pay short traders, signaling a predominance of the bullish feeling. BTC financing rate. Source: Quince on the options market, there is also a high demand for purchase options compared to sales options, still reflecting an bias bias towards the BTC. Open interest of BTC options. Source: Deribits the divergence between the flows of ETFs and the activity of the derivatives recorded this week suggests that, while traditional institutions could reduce their exposure, private investors and leverage traders continue to bet on Bitcoin rebounds. Morality of history: The Crypto ETF are just a (big) task in the ocean. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, this article of price analysis is only intended for information purposes and should not be considered as financial or investment advice. Beincrypto undertakes to provide exact and impartial information, but market conditions may change without notice. Always carry out your own research and consult a professional before making any financial decision.
