Bitcoin (BTC) Market: Institutional Strength Amid Retail Fragility
The post Bitcoin (BTC) Market: Institutional Strength Amid Retail Fragility appeared on BitcoinEthereumNews.com.
Felix Pinkston Jul 02, 2025 12:36 Bitcoin shows cautious optimism with institutional backing and renewed accumulation, but retail participation remains weak, according to Glassnode’s latest market analysis. Bitcoin (BTC) has entered a period of cautious optimism, driven by stronger institutional involvement and renewed accumulation, according to a recent analysis by Glassnode. Despite these positive signals, the participation of retail investors remains fragile. Overview Bitcoin has recently shown strong recovery, aligning with stock market trends and rebounding from the short-term investors’ cost basis towards a significant $108K level. This momentum shift is marked by improvements in market sentiment, as indicated by a decisive recovery in spot market momentum. The Relative Strength Index (RSI) has climbed, and Spot CVD has sharply improved, reflecting renewed buyer engagement. However, spot trading volumes remain low, suggesting that broader retail investor participation has yet to fully reignite. In the derivatives market, futures open interest has slightly decreased from elevated levels, while funding rates have turned negative. This shift suggests some hedging or caution among leveraged traders. Interestingly, the Perpetual CVD has surged into positive territory, indicating aggressive buy-side flows despite the softness in funding rates, pointing to a nuanced shift towards accumulation in the futures market. Options traders have shown balanced sentiment, with the 25-Delta Skew returning to neutral and the volatility spread narrowing, indicating reduced fear of sharp price swings. Although open interest has modestly decreased, it remains historically high, highlighting continued speculative interest. ETF flows have demonstrated strength, with net inflows nearly doubling week-over-week and trade volume rising modestly. This trend underscores resilient interest from traditional finance (TradFi) investors, although the ETF Market Value to Realized Value (MVRV) ratio has risen further, suggesting growing unrealized gains that could be at risk if prices reverse. On-Chain Indicators…
