Bitcoin has failed to gain clarity around the $88,000 area, continuing a sideways move. At 8 PM KST, BTC was trading at $87,725, down 0.09% from 24 hours earlier, marking a weekly decline of about 4%. Ethereum traded around $2,902, while major alts such as BNB, Solana, and XRP moved in mixed directions.
Net outflows from crypto spot ETFs exceeded $1.3 billion, signaling a risk-off stance among institutional investors. The options market has grown more hedging-oriented in the near term, but longer-term upside remains limited. Many analysts expect Bitcoin to stay in a defined box for now, with warnings that a break below $84,500 could open a path to around $74,000.
Bitfinex analysts see BTC likely trading in a range roughly between $85,000 and $94,500, with no immediate breakout in sight. Derivatives activity has shifted amid changing funds flow and cautious sentiment, and investors are watching catalysts that could trigger a more decisive move. In the derivatives space, there has been a notable uptick in activity on some venues, with reports of rising silver futures trading as participants seek hedges after BTC and ETH. Potential drivers include legislation like the Clarity Act, though a government shutdown could delay passage; until clarity emerges, major institutions are likely to stay on the sidelines, keeping BTC within the current range.
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