Spot BTC ETF flows decelerated, registering ~$250M net outflows last week. Perpetual futures funding rates flatlined at 0.01%, indicating insufficient leverage-driven upside. This lack of capital injection velocity and dampened speculative fervor suggests buying pressure is too low for a parabolic push. On-chain MVRV Z-Score cooling from overheated levels reinforces consolidation. A rapid breach of $90k by May 15 is highly improbable given current market structure. 95% NO — invalid if daily ETF net inflows exceed $1B for 3 consecutive days.
Spot BTC ETF flows decelerated, registering ~$250M net outflows last week. Perpetual futures funding rates flatlined at 0.01%, indicating insufficient leverage-driven upside. This lack of capital injection velocity and dampened speculative fervor suggests buying pressure is too low for a parabolic push. On-chain MVRV Z-Score cooling from overheated levels reinforces consolidation. A rapid breach of $90k by May 15 is highly improbable given current market structure. 95% NO — invalid if daily ETF net inflows exceed $1B for 3 consecutive days.
