Bitcoin prices have rebounded, but fund flows are not bullish ⚠️
Prices quickly rebounded to the $87,000 area after falling from $89,000, but data still reveals its fragility:
- Both spot and futures CVD are negative.
- Coinbase premium is well below zero.
- Futures long positions are concentrated near local resistance levels.
Conclusion: This looks like a squeeze rather than strong spot demand. If it breaks below $87,000, $84,000 could soon be the next target.
Closely monitor CVD and the Coinbase premium for changes on the next up or down move.