đ Bitcoin in the ICU⊠even with billions flowing into ETFs?
Despite strong inflows into spot ETFs (over $5.14B in 30 days), the BTC futures premium has dropped to a 3-month low. Derivatives traders are turning cautious â and confidence in the $100K support is fading.
đ§ Market structure is still strong, but sentiment? On life support.
Institutions are buying⊠but retail is panicking.
Is this just fear before the next leg up â or a warning before the dump? đ€
Time will tell. For now, all eyes on the derivatives market.