However, Bitcoin spot ETFs have experienced net outflows for three consecutive days.
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Significant liquidation pressure on short positions, concentrated near $110,800, where there is strong liquidation intensity.
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The focus will be on support at $109,000 and $106,000. The current market bull/bear sentiment score is 80 (Bullish).
Strong liquidation pressure on long positions, with concentration near $104,000 and significant liquidation pressure around this level.
Moving forward, focus on macroeconomic data and whether BTC can return above $105,000. If it can, a cautious bullish outlook remains.
The funding rate is a recurring cost, or income, that traders either pay or receive, depending on market conditions.
The slight increase in market share indicates that the market is temporarily avoiding high-risk assets and returning to BTC for risk aversion, placing it in a defensive structure.