Bitcoin – Spot inflows hit 6-week low, but is there good news next?
Bitcoin's price has remained range-bound between $90,000 and $93,000, reflecting subdued market momentum. The Financial Conditions Index (FCI) is slightly negative, indicating mild financial easing but not enough to support strong bullish momentum. Historically, deeper negative FCI readings are more favorable for Bitcoin.
Investor behavior reflects caution: weekly net spot inflows dropped to a six-week low of $282 million, suggesting conservative accumulation. Institutional investors sold $681 million worth of BTC this week, shifting from accumulation to distribution—a sign of weakening short-term conviction. Retail interest has also waned, with Google search trends for Bitcoin at one of their lowest levels in a year.
However, long-term holders remain a stabilizing force. The Binary Coin Days Destroyed indicator reads 0, indicating no significant selling from this group, helping prevent a deeper decline below $90,000. Overall, while not facing strong bearish pressure, the market shows signs of uncertainty and fading momentum.
ambcrypto01/11 02:02