Key Takeaways
According to CryptoSlate, Bitcoin options and ETF inflows show bullish demand, but exchange selling persists as BTC struggles below $80,000.
According to reporting by CryptoSlate, Bitcoin's derivatives market is turning more bullish while spot traders remain reluctant to chase a move above $80,000. Glassnode's Market Pulse data indicates that demand has shifted toward call options and US spot Bitcoin ETF inflows accelerated, even as BTC traded around $78,800 on Tuesday after failing to sustain its latest advance.
In the options market, the 25-delta skew swung to -2.05% from +0.79%, signaling that calls have become relatively more expensive than puts and showing greater demand for upside exposure. Meanwhile, US spot Bitcoin ETFs attracted $681.2 million in net inflows over the latest weekly observation, up from $247.8 million previously.
Despite these developments, aggressive selling still outweighed buying on centralized exchanges. Glassnode's spot cumulative volume delta remained negative at $29.6 million, and perpetual CVD stayed negative at -$176 with $37 billion in elevated futures open interest. CryptoSlate reports that a sustained breakout may depend on spot CVD turning positive to support leveraged optimism with direct buying.
Source & Fact-Check Note
This report is synthesized from coverage by CryptoSlate. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at CryptoSlate ↗
