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Bitcoin: S...
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Coindoo

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Bitcoin: Spot Metrics Stable, But Futures Signal Potential Pullback

  • Bitcoin has experienced a slight dip of more than 3% in the past week, with on-chain data revealing differing sentiments between the spot and futures markets.
  • In the spot market, retail participation and order sizes are neutral, indicative of market stabilization. However, futures market activity suggests potential short-term caution signals.
  • Retail activity in the futures market is on the rise, signaling possible volatility ahead. Despite this, buyers still maintain dominance in Taker CVD, hinting at continuing bullish control.
  • Bitcoin funding rates have turned negative for the first time since surpassing $100K, historically preceding sharp recoveries. This shift could present a 'buy-the-dip' opportunity in a key inflection point as BTC hovers around $104K.

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