$BTC Bitcoin has gained nearly 10% since the beginning of the year, reinforcing the idea that the current rally is supported by a healthier position.
The derivatives market is not yet fully bullish
Despite the reduction in leverage, the derivatives markets have not yet fully transitioned into a structurally bullish phase. Data from CoinGlass shows that the total Bitcoin open interest across exchanges is approximately $65 billion, down from over $90 billion at the beginning of October—a decline largely in line with estimates from CryptoQuant.
On Deribit, the largest concentration of Bitcoin options open interest is grouped around the $100,000 price level, with about $2.2 billion in notional value. This position indicates bullish expectations, with more call options outstanding than put options.
However, the derivatives analytics firm Greeks Live has warned that recent activity still appears reactive rather than decisive for the trend.
"The current exchange structure resembles more a reaction to a sudden price surge," the company stated, adding that long-term positioning in derivatives has not yet confirmed a complete shift toward a bullish market.
In summary
The 30% drop in Bitcoin's open interest suggests that excessive leverage has largely been removed from the system—a situation that historically has supported stronger and more sustainable rebounds. Although derivatives markets remain cautious, the combination of reduced leverage and spot demand has improved Bitcoin's market structure in the short term. #BTCVSETF
Wednesday, spot bitcoin ETFs recorded $843.6 million in net inflows, their highest daily collection since October 7. This figure already surpasses yesterday's record of $754 million and extends a positive streak now lasting three consecutive days.
Of the twelve ETFs currently listed, eight showed inflows. BlackRock's flagship product captured the bulk of demand, with $648 million in inflows on the single trading session. Fidelity followed at a distance but remained strong with $125.4 million. Funds managed by Ark & 21Shares, Grayscale, Bitwise, VanEck, Valkyrie, and Franklin Templeton also benefited from positive flows, indicating a broad and non-isolated movement.
In total, these three days have enabled bitcoin ETFs to capture $1.71 billion, a pace that sharply contrasts with the sluggishness observed in December.
Institutional investors return to the offensive
For many analysts, this movement marks a shift in regime. After weeks of risk reduction at the end of the year, institutional investors appear to be rapidly reallocating capital toward digital assets. The trend is all the more notable as it occurs amid ongoing macroeconomic uncertainty, where expectations around monetary policy and tensions surrounding the U.S. Federal Reserve fuel demand for alternative assets.
This resurgence in flows is often interpreted as a sign of medium-term conviction. Unlike short-term speculative purchases, ETFs are primarily used by institutional players, asset managers, and long-term allocators. Their sustained appetite suggests renewed confidence in bitcoin's role as a portfolio asset. #ETFvsBTC
#xBridge The tokenization sector has seen a significant acceleration since the beginning of the year, to the point of having its valuation multiplied by more than 3 during this period. However, there is still a long way to go in order to implement this innovative solution in the traditional stock market.
Indeed, tokenized stocks - both private and publicly traded combined - represent just 1 million dollars, out of the 18.6 billion dollars valuation of this sector. There is room for growth within which the Backed Finance protocol aims to establish itself, with the launch of its xBridge capable of moving them between the Ethereum and Solana (SOL) blockchains.
#solana If the duration serves as a guarantee of quality, the promises made by the validation software Firedancer, recently integrated on Solana, could be numerous. Indeed, its development required the commitment of the developers from the venture capital firm Jump Crypto over a period of 3 years before it finally became operational at the end of this year.
In practice, this new tool initially allows Solana to increase the diversity of its client software, designed to facilitate the connection of validators to its blockchain in order to verify transactions and participate in its consensus, while helping to limit the possible failures that could occur, according to a recent report from the R&D company on Solana, Helius.
#TrumpTariffs XRP is successful. While Ethereum ETFs are experiencing capital outflows, XRP ETFs continue to attract investors. The latter have just reached a new record, surpassing one billion dollars in assets under management.
XRP ETFs have reached a historic level, exceeding the one billion dollar mark in assets under management.
Solana ETFs are also experiencing positive momentum with notable capital inflows.
XRP ETFs exceed one billion dollars in AUM.
In November 2024, the SEC approved all XRP ETFs that were pending. Since then, they have recorded 423 million dollars in net inflows, according to data compiled by CoinGlass.
On December 17, these ETFs even surpassed one billion dollars in assets under management for the first time, with just over 1.14 billion.
According to Sui Chung, the CEO of CF Benchmarks, this performance is notably linked to the longevity of XRP, which is now a well-known cryptocurrency among investors $BTC $XRP
#BullishIPO A bullish IPO occurs when investors show strong optimism towards a company's initial public offering, expecting its stock price to rise quickly after listing. This sentiment often comes from positive factors such as strong financial performance, rapid sector growth, or strong brand recognition. During a bullish IPO, the demand for shares is generally very high, which can drive the opening price well above the initial offering.
#MarketTurbulence In the financial markets, volatility is inevitable, with prices undergoing rapid and sharp fluctuations due to factors such as negative economic news, geopolitical events, or investor fears. During these periods, it is important for investors to remain calm and avoid making emotional decisions that could lead to losses. Instead, it is advisable to focus on long-term investment goals.
#CreatorPad The world of Web3 today offers creators a unique opportunity to transform their ideas into concrete projects thanks to innovative platforms like #CreatorPad. This tool is designed to support creators, developers, and entrepreneurs in setting up blockchain projects, whether it's NFT collections, tokens, or dApps. By reducing technical barriers, CreatorPad allows anyone to get started, even without in-depth programming knowledge.
#MarketGreedRising highlights a classic phenomenon in markets: when prices rise rapidly, greed replaces caution. Sentiment indicators, such as the fear and greed index, reach high levels, signaling that investors are rushing into assets, sometimes at the expense of rational analysis.
#ETHRally imposes itself against USDT, driven by a bullish trend that captivates investors. Technical indicators confirm buying pressure, while the crypto community eagerly awaits the upcoming developments in the ETH ecosystem.
#DeFiGetsGraded highlights the growing need for transparency and accountability in decentralized finance. As DeFi continues to evolve, users and investors demand better tools to evaluate protocols based on performance, security, and innovation. Rating systems help identify trustworthy platforms, reduce risks, and increase adoption.
$TREE A has recently reached a major milestone, surpassing 500 million dollars in Total Value Locked (TVL), and the question on everyone's mind is whether this signals a long-term rally or just a short-term pump. Let's break down the key factors Price Movement: The price of TREE surged over 30% to reach $0.60 on August 1, but retreated to $0.53 due to profit-taking. The chart indicates a potential cup and handle pattern, which could push the price up to $0.75 if buying momentum accelerates.