Bitcoin Rebound Shows Little Sign of Fresh Futures or Spot Demand
Photo: TokenPost
Bitcoin's rebound after an early Wednesday slide showed limited evidence of fresh demand, with futures open interest little changed and U.S. ETF inflows reversing only part of recent withdrawals. Bitcoin (BTC) futures open interest remained near $53.4 billion during the recovery, suggesting little new leveraged activity alongside the move. U.S. spot Bitcoin ETFs recorded about $74 million in net inflows Wednesday, Nov. 4, after more than $400 million in outflows across the previous two trading sessions. The Coinbase Premium Index remained negative, pointing to continued weakness in U.S. spot demand. Crypto futures short liquidations totaled $450 million over 24 hours.
Source: TokenPost
