Bitcoin (BTC) reached a new range for $ 93,321 on February 18 and then reached a swift 4.40% rally. However, Crypto Asset continued to infer the trend in the HTF (High-Time Fram) chart, which vibrates with a downtown channel pattern.
Bitcoin 4-Hood Chart Analysis. Source: COINTELEGRAPH/TradingView
The current range is high at $ 102,000 and low at $ 91,000, and Bitcoin’s market structure lacks emergency. This sluggish momentum gradually influenced OnChain and institutional demand.
Spot Bitcoin ETF Net Inflow Reduction
Julio Moreno, the research director of Cryptoquant, said in the X post that the demand for Spot Bitcoin ETF was now repeated in the first quarter of 2025 in the first quarter of 2024. Analysts pointed out that the net inflow is about 41,000 BTC and around. 100,000 BTC in 2024.
Bitcoin’s cumulative inflow finds ETF. Source: x.com
However, when measured on the dollar conditions, the difference in demand was minimized, and the inflow of ETF was $ 4.8 billion in 2024 compared to $ 4.3 billion in 2025.
Vetle Lunde, a research analyst at K33 Research, pointed out that the one -month -based CME Bitcoin futures from the institutional trading point of view fell to the last at the lowest level in September 2023 before the bull market began.
Bitcoin CME Futures 1 month. Source: x..com
The one -month basis measures the difference between the Front Monthly Future Price and the Bitcoin’s Spot Price. In relation to the spot market, it indicates whether the futures are traded at a premium or discount (backward). Whenever the one -month standard is positive, it shows strong demand for long exposure, suggests strong sentiment, and negative data emphasizes the weakness and short -term fluidity.
Currently, the one -month standard is positive, but LUNDE says that the term “risk” is now clear. Added by the analyst
“The volume of trading is before the election, there is no material ETF flow and volatility has disappeared.”
BTC CME Futures Annual Note. Source: velo.data
Interestingly, Bitcoin CME’s annual standard has fallen to four months, which can be a potential optimistic reversal signal. Since March 2024, whenever the annual standard falls to 6%, BITCOIN exhibits a higher time frame (HTF) within two weeks. On February 19, the annual standard was 6.22%, so an interesting conspiracy to be observed for the next week was opened.
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Bitcoin price is less than $ 98K
Low volatility and sideways were the flavor of Bitcoin’s moon, and encryption assets are struggling to claim direction prejudice. The market looks weak, but BTC hasn’t closed the candles of less than $ 92,000 since November 19.
Jackis’s Bitcoin 1 -day chart analysis. Source: x.com
Encrypted merchant Jackis said Bitcoin’s price was strictly compressed as in August 2023. It was believed that the overall range was essential for a creepto asset between $ 106,000 to $ 91,500. Move all investment.
Jelle, an encryption investor, also shares similar emotions, indicating a struggle for BTC to break more than $ 97,000. As the price gradually grinds near the range, the investor emphasized that the squeezed is “being harder and harder.”
Bitcoin 1 day chart analysis. Source: COINTELEGRAPH/TradingView
From a fundamental point of view, the close of $ 98,000 every day may be the first sign of recovery. As observed, the BTC has not exceeded the previous mentioned since February 4 and has been suppressed by resistance. Thus, a significant price momentum of more than $ 98,000 can roll the ball for the bull and cause a new injection of volatility on the chart.
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This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.