Bitcoin (BTC) Demand Revival: Crypto Daybook Americas

The Crypto Daybook Americas reports on the latest developments in the Bitcoin market, noting a revival in demand. Bitcoin's issuance metrics have improved, reaching a three-month high of 5,252 BTC, which equates to approximately $549 million. This increase aligns with the notable net inflow of $523 million into U.S.-listed Bitcoin spot ETFs, indicating growing investor interest. However, there remains cautious sentiment among traders regarding derivatives, with low annualized funding rates observed on platforms like Deribit. Economic uncertainties, particularly the ongoing U.S. government shutdown, have led to a risk-averse atmosphere, impacting both trader sentiment and macroeconomic outlooks. In traditional markets, pressure on gold and fluctuations in Treasury volatility are also reflected in the crypto space. As for altcoins, liquidity seems to be shifting towards smaller projects, demonstrating ongoing market dynamics. Overall, while signs of demand revival are evident, caution persists amid broader economic conditions.

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