1 week ago
20
Key Takeaways:
- Bitcoin is trading around $77,000, rejected sharply from the 200-day moving average at $82,000-$83,000.
- Spot ETFs recorded $2.26 billion in net outflows over two weeks, signaling fading institutional appetite.
- Perpetual swap funding rates have been negative for 81 consecutive days – traders are unusually bearish even at these price levels.
- On-chain data shows sellers historically exhaust themselves at $60,000, where 10.6 million BTC enters net loss territory.
Bitcoin has been grinding sideways between $75,000 and $80,000 for weeks, pinned below the 200-day moving average at $82,000-$83,000 – the zone where a large portion of institutional ETF buyers are sitting at breakeven and where selling pressure reliably kicks in. The asset shed roughly 40% from its October 2025 peak of $126,000 before finding a floor at $60,000 in early February 2026. Since then, the rebound has been slow, unconvincing, and twice rejected at the same ceiling. The question now dividing traders, analysts, and institutions is straightforward but unanswerable with cert...
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