📊 $BTC Market Pulse Week 32

Momentum cools, structure stays shaky
#bitcoin# ’s bullish run has paused as momentum fades across spot, futures, options, and ETF markets. After dipping back into the low-liquidity zone below $114K, the market mood has shifted from hype to hesitation.
🔹 Spot Market:
RSI fell to 35.8 (oversold), Spot CVD dropped to -$220M, and volume declined to $7.5B signaling thinning #liquidity and growing sell pressure.
🔹 Futures Market:
Open Interest eased to $44.9B, funding rates fell 33%, and Perp CVD slid deeper to -$1.8B highlighting long liquidations and reduced risk appetite.
🔹 Options Market:
#OI declined 8.4% to $39.8B, while 25D Skew spiked to 5.51% showing strong demand for downside protection.
🔹 ETF Activity:
Net inflows dropped 25% to $269M, but volume rose 9.9% a cautious yet responsive institutional stance.
🔹 On-Chain Metrics:
Mixed trends: active addresses climbed, but transfer volume and fees fell. Realized Cap Change stayed strong at 6.3%, pointing to continued but cooling capital inflows.
🔹 Investor Sentiment:
Cooling profitability (#supply in Profit: 93.6%, NUPL: 8.6%) reflects a shift to defensive positioning.
🧨 TL;DR:
Bitcoin looks technically oversold and signs of seller fatigue are forming but the market remains fragile. A recovery bounce is possible, yet risks remain if fresh #demand doesn’t step in.
📉 Weekend Watch:
An early investor offloaded 80K BTC via Galaxy’s OTC desk but the market held steady, with most holders still in profit.