Spot ETF net flows have flatlined, with cumulative weekly inflows signaling significant demand depletion post-halving. Perpetual funding rates across major exchanges are consolidating at low single-digit basis points, indicating a profound lack of aggressive long liquidity to propel price through the $70k resistance. On-chain, the Realized Price of the 30-day cohort sits well below this threshold, suggesting insufficient cost basis support for a swift run. The market lacks the necessary liquidity event or macro tailwind. 90% NO — invalid if total spot ETF AUM increases by 5% above current levels by May 10.
Spot ETF net flows have flatlined, with cumulative weekly inflows signaling significant demand depletion post-halving. Perpetual funding rates across major exchanges are consolidating at low single-digit basis points, indicating a profound lack of aggressive long liquidity to propel price through the $70k resistance. On-chain, the Realized Price of the 30-day cohort sits well below this threshold, suggesting insufficient cost basis support for a swift run. The market lacks the necessary liquidity event or macro tailwind. 90% NO — invalid if total spot ETF AUM increases by 5% above current levels by May 10.
