Bitcoin has risen above $100,000, but institutional investors have lost interest in BTC.

Last week, spot exchange funds (ETF) based on Bitcoin BTCUSD recorded a net inflow of $600 million. Although this is a positive result, it is significantly lower by 67% compared to the $1.81 billion recorded the week before.

Let's find out what is happening in the bitcoin-ETF market and what investors' sentiments look like.

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Capital inflow into Bitcoin ETF is decreasing

Last week, inflows into bitcoin spot ETFs amounted to $600 million. This is a decrease of 67% compared to the $1.81 billion recorded the week before. This dynamic was observed against the backdrop of a BTC breakthrough: the cryptocurrency surpassed the $100,000 level for the first time since February.

Last week, inflows decreased, indicating that interest in BTC among institutional investors remains, but its pace is slowing. This may be related to caution or fear. Investors are waiting and watching to see if the coin can hold above the key level of $100,000.

The derivatives market looks bullish

At the time of writing this material, BTC is trading at $103,979 with an increase of 0.24% over the last 24 hours. The open interest in BTC futures has risen by 2%, indicating an increase in trading activity. At the time of writing the article, it stands at $67.04 billion.

The rise in BTC price and open interest indicates confidence, as more and more traders are taking positions. This reflects a strong trend in which traders expect further growth.

Moreover, the funding rates remain positive at 0.0082%. This means that long positions are paying short positions, indicating a bullish sentiment among market participants.

! BTC Funding RateThe activity in the options market confirms the optimistic outlook. Today, the number of call contracts exceeds the puts. This indicates that traders expect further increases.

The analysis of these indicators shows that, despite the decrease in inflows into ETFs, the overall market sentiment remains confident and risk-on.

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