BTC Price Struggles Below $105K Despite Bitcoin ETF Inflows Rise, Here’s Why
The post BTC Price Struggles Below $105K Despite Bitcoin ETF Inflows Rise, Here’s Why appeared on BitcoinEthereumNews.com. Key Insights: BTC price faces hurdle at $105k despite ETF inflows hitting $320M. Futures premium drops as traders reduce leveraged exposure. BTC tracks S&P 500 amid rising recession fears. Bitcoin (BTC) price hovered around $103,918 on May 15 after multiple failed attempts to break past the $105,000 resistance. The rejection zone, first tested on May 10, now casts doubt on the strength of the bullish momentum that propelled BTC above $104,000 earlier this week. As ETF inflows increase and macroeconomic data weigh on risk assets, traders have begun pulling back from leveraged long positions, reflecting caution in the face of market uncertainty. Bitcoin ETF Inflows Rise, But Bulls Dampen Bitcoin Price Rally Hopes Institutional investors continued to show interest in BTC despite broader macro risks. U.S. spot BTC exchange-traded funds (ETFs) recorded a net inflow of $319.56 million on May 14, according to SoSoValue. This marked a sharp reversal from the $96.14 million outflow seen the previous day. Total Bitcoin Spot ETFs daily chart. Source: SoSoValue Despite the capital inflow, leveraged long interest declined sharply. Data from Laevitas showed the annualized premium on two-month BTC futures dropped from 7% to 5%, returning to levels last seen when Bitcoin price traded near $84,500 in mid-April. That premium, often viewed as a gauge of market optimism, now hovers near a neutral-to-bearish zone. This signals a lack of aggressive bullish bets, even as institutional flows persist, which might be hindering the Bitcoin price breakout. BTC Price Mirrors S&P 500 as Rate Fears Persist Bitcoin’s price action has closely mirrored that of the U.S. stock market, especially the S&P 500. Charts from TradingView showed a rebound in S&P 500 futures from early weakness on May 15, aligning with BTC’s short-term bounce from $101,800 to $104,000. Bitcoin 60-day options delta 25% skew (put-call) at Deribit.…
The post BTC Price Struggles Below $105K Despite Bitcoin ETF Inflows Rise, Here’s Why appeared on BitcoinEthereumNews.com.
Key Insights: BTC price faces hurdle at $105k despite ETF inflows hitting $320M. Futures premium drops as traders reduce leveraged exposure. BTC tracks S&P 500 amid rising recession fears. Bitcoin (BTC) price hovered around $103,918 on May 15 after multiple failed attempts to break past the $105,000 resistance. The rejection zone, first tested on May 10, now casts doubt on the strength of the bullish momentum that propelled BTC above $104,000 earlier this week. As ETF inflows increase and macroeconomic data weigh on risk assets, traders have begun pulling back from leveraged long positions, reflecting caution in the face of market uncertainty. Bitcoin ETF Inflows Rise, But Bulls Dampen Bitcoin Price Rally Hopes Institutional investors continued to show interest in BTC despite broader macro risks. U.S. spot BTC exchange-traded funds (ETFs) recorded a net inflow of $319.56 million on May 14, according to SoSoValue. This marked a sharp reversal from the $96.14 million outflow seen the previous day. Total Bitcoin Spot ETFs daily chart. Source: SoSoValue Despite the capital inflow, leveraged long interest declined sharply. Data from Laevitas showed the annualized premium on two-month BTC futures dropped from 7% to 5%, returning to levels last seen when Bitcoin price traded near $84,500 in mid-April. That premium, often viewed as a gauge of market optimism, now hovers near a neutral-to-bearish zone. This signals a lack of aggressive bullish bets, even as institutional flows persist, which might be hindering the Bitcoin price breakout. BTC Price Mirrors S&P 500 as Rate Fears Persist Bitcoin’s price action has closely mirrored that of the U.S. stock market, especially the S&P 500. Charts from TradingView showed a rebound in S&P 500 futures from early weakness on May 15, aligning with BTC’s short-term bounce from $101,800 to $104,000. Bitcoin 60-day options delta 25% skew (put-call) at Deribit.…
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