{"id":126732,"date":"2025-04-08T19:18:42","date_gmt":"2025-04-08T19:18:42","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126732"},"modified":"2025-04-08T19:18:42","modified_gmt":"2025-04-08T19:18:42","slug":"bitcoin-futures-divergences-point-to-transitioning-market-are-btc-bulls-accumulating","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126732","title":{"rendered":"Bitcoin futures divergences point to transitioning market \u2014 Are BTC bulls accumulating?"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin\u2019s (BTC) price has dropped 5.6% over the past seven days, closing three daily candles below the $80,000 support for the first time since Nov. 9, 2024.<br \/>\nData from Glassnode highlighted Bitcoin witnessing a 64% rise in futures volume during the same period. The analytics platform said that \u201cthis marks a reversal from the past month,\u201d when futures volume progressively decreased.<br \/>\nA rise in futures volumes suggested heightened market activity, but further analysis of the broader futures market revealed a more complex outlook. Bitcoin\u2019s open interest (OI), representing the total value of outstanding futures contracts, declined 19% over the past two weeks.<br \/>\nBitcoin futures volume chart by Glassnode. Source: X.comThis reduction suggests that while trading volume is increasing, some traders are closing their positions rather than keeping them open, possibly to lock in profits or mitigate risk with respect to Bitcoin\u2019s bearish market structure.<br \/>\nTotal market liquidation chart. Source: CoinGlassTotal crypto liquidations also reached $2 billion between April 6 to April 8, further strengthening the likelihood of traders adopting a cautious approach.<br \/>\nConsidering this data collectively suggests that Bitcoin might be in a transitionary state. The surge in futures volume reflects growing interest and speculative activity, potentially signaling the end of a correction phase and the start of an accumulation period. Yet, the decline in open interest highlights a risk-off approach, with traders reducing exposure amid lingering macroeconomic uncertainty.<br \/>\nIf Bitcoin price fails to recover while futures volume and open interest converge, that might signal the beginning of a bear market. Likewise, Bitcoin\u2019s price rising alongside OI and trading volumes would imply an accumulation period, followed by a possible uptrend.<br \/>\nRelated: Bitcoin on verge of largest \u2018price drawdown\u2019 of the bull market \u2014 Analyst<br \/>\nSpot Bitcoin ETF outflows remain minimal<br \/>\nMajor US equities are currently down more than 20% from their all-time highs, with the S&amp;P 500 losing a year\u2019s growth in just over a month. While traditional institutions have possibly faced significant unrealized losses over the past two weeks, spot Bitcoin ETF outflow data did not reflect the market panic just yet.<br \/>\nTotal spot BTC ETF flows data. Source: SosovalueOver the past two weeks, the total spot BTC ETF outflows have been just under $300 million. This divergence highlights a resilience in Bitcoin&#8217;s institutional investor base.<br \/>\nUnlike the selling seen in equity markets, the limited outflows from spot BTC ETFs suggest that institutional investors are not yet panicking, potentially viewing Bitcoin as a hedge or maintaining confidence in its long-term value amid traditional market turmoil.<br \/>\nRelated: Bitcoin\u2019s 24\/7 liquidity: Double-edged sword during global market turmoil<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-futures-divergences-point-to-transitioning-market-are-btc-bulls-accumulating?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin\u2019s (BTC) price has dropped 5.6% over the past seven days, closing three daily candles below the $80,000 support for the first time since Nov. 9, 2024. Data&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126732"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126732"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126732\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126732"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}