Bitcoin Price Momentum Rises 51.7% as Institutional ETF Inflows Sustain Demand

Bitcoin price momentum has risen 51.7% and surpassed prior high bands, driven by increasing US spot ETF net inflows and trading volumes. This sustained institutional demand has pushed spot market indicators toward more aggressive buying conditions, as reflected in convexity divergence metrics and rising trading volumes. Speculative positioning has increased, with futures open interest rising 7.2%. However, funding dynamics have shifted sharply, with long-side funding payments declining 198.6%, signaling a growing preference for short positioning or hedging. In the options market, a decline in 25-delta skew indicates a reduction in downside bias, while a contracting volatility spread shows lingering caution. On-chain activity has cooled, with a decline in daily active addresses and entity-adjusted transfer volume. This easing of short-term capital participation and an increase in long-term holder dominance has contributed to greater market stability. As unrealized losses decline and a larger share of circulating Bitcoin supply returns to profit, Bitcoin is trading at approximately $74,713.25.