Bitcoin (BTC) Demand Revival: Crypto Daybook Americas
Bitcoin has recently shown resilience by bouncing back from early lows in the Asian session, which has provided support for altcoins such as Ethereum and Solana. A pivotal demand metric for Bitcoin, tracking issuance against the behavior of long-term holders, has turned positive, reaching a three-month high of 5,252 BTC, roughly $549 million. This demand revival is mirrored by significant inflows into U.S.-listed Bitcoin spot ETFs, amounting to $523 million, the highest in over a month. However, traders remain cautious, particularly regarding derivatives, with funding rates on Deribit remaining well below the 2025 average. Market sentiment is affected by the ongoing U.S. government shutdown, with analysts highlighting rising economic uncertainty. Traditional markets have also seen fluctuations, notably in gold and equities. Overall, while Bitcoin demonstrates demand recovery, traders are adopting a risk-averse attitude, waiting for clearer economic signals before making further moves.
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