Bitcoin Drops Pace At $97K As Retail Stays Sidelined: Did The Rally End?
Cointelegraph
Bitcoin's rally stalled near $97K with low funding rates indicating retail traders remain hesitant despite institutional ETF buying.Summary
Bitcoin stabilized around $95,500 after an 8% three-day rally, but derivatives metrics and Google search interest suggest retail traders are sidelined, evidenced by a low perpetual futures funding rate of 4%.
Institutional buying, particularly through spot Bitcoin ETFs which surpassed $120 billion in assets, and corporate treasuries accumulating BTC, provides underlying support that could push the price toward $100,000.
However, retail skepticism persists due to broader socio-political risks, concerns over the Federal Reserve's independence, and Bitcoin's unproven track record as a hedge during economic turmoil, leading to muted interest compared to assets like silver.
(Source：Cointelegraph)