Data: Yesterday, the US Bitcoin spot ETF experienced a net inflow of $253.89 million.

Bitcoin ETF and Treasury companies heavily buy $60,000 protective put options

Recently, Bitcoin ETF holders and treasury companies have been concentrating on buying BTC put options with strike prices of $60,000 and below on Deribit, indicating a significant hedging demand against price declines. The current Bitcoin spot price is approximately $67,000, and the market shows a preference for downside protection.

Bitcoin holds the $66,000 support level, ETF funds are flowing back to assist, can it once again challenge $70,000?

Bitcoin quickly rebounded after falling below $70,000, regaining the $67,000 level, driven by strong tech stocks and ETF capital inflows. However, market corrections and technical indicators show bearish signals. If the $65,000 support level is broken, it may test $60,000. Overall trends are influenced by risk sentiment and institutional investor decisions.

Bitwise CIO: Bitcoin dropping to $63,000 is due to long-term holders cashing out, not market manipulation

Bitcoin price has fallen from nearly $90,000 to about $63,000, with market speculation of "institutional suppression." Bitwise's Chief Investment Officer believes this is mainly due to long-term holders taking profits, rather than manipulation. Data shows that early investors cashing out during price increases is normal, and the current market may be near the bottom. Historically, Bitcoin has rebounded an average of about 35% within two months after adjustments.

A Surprising On-Chain Signal Is Flashing for Bitcoin

The Bitcoin price has been under pressure in recent weeks, with price drifting lower toward mid-60s range and sentiment turning bearish over and over again. Yet beneath the surface, a key on-chain metric is moving in the opposite direction. Blockchain analytics firm Santiment showed that the