Bitcoin Shows Resilience as Demand Metrics Improve
- Bitcoin (BTC) is currently priced at $104,996.54, rebounding from early lows.
- The “apparent demand” metric for Bitcoin surged to a three-month high of 5,252 BTC, valued at approximately $549 million.
- U.S.-listed Bitcoin spot ETFs recorded a net inflow of $523 million on Tuesday, the highest in over a month.
- Annualized funding rates on Deribit remain below the average of 5.9%, indicating cautious trading behavior.
- Gold futures are up by $12 to $4,128.70 per ounce amid increased volatility in Treasury markets.
Market sentiment appears mixed as liquidity shifts from privacy coins to smaller projects like ASTER and RENDER, which have seen a rise of about 7%. The ongoing U.S. government shutdown adds uncertainty, impacting trader confidence and economic data releases.
With Bitcoin’s apparent demand metric reaching a new high and significant ETF inflows reported, the market shows signs of renewed interest despite cautious trading conditions.(Source)
