Institutions have been investing in Bitcoin ETF for four consecutive days.

Bitcoin ETFs continue to attract capital: on Wednesday they raised over $900 million in new funds.

Despite the high interest in ETFs, the open interest in Bitcoin has decreased, and the funding rates have turned negative. This may indicate a shift in short-term market sentiment.

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Bitcoin ETFs remain popular

Spot Bitcoin ETFs continue to attract investors' attention, increasing inflow by $916.91 million on Wednesday.

This is already the fourth consecutive day with inflows, highlighting the growing interest of institutional investors in Bitcoin, especially as the coin's price tries to hold above the $90,000 mark.

On Wednesday, BlackRock's IBIT ETF recorded the largest daily net inflow of $643.16 million, increasing the total accumulated net inflow to $40.63 billion.

The ARKB ETF from Ark Invest and 21Shares took second place with a net inflow of $129.50 million. The total historical net inflow of the ETF now amounts to $3 billion.

Traders are exiting positions

Trading activity in the cryptocurrency market has decreased over the last 24 hours, and the total market capitalization has dropped by $18 billion.

The recent decline has led to a 1% drop in the price of BTC. This is reflected in the decrease in open interest in cryptocurrency futures, indicating a decline in trading activity. At the time of publication, the figure stands at $64.54 billion, which is 5% lower than the day before.

When the price of an asset and open interest sharply decline, it indicates that traders are closing positions rather than opening new ones. Such behavior may suggest weak confidence and a possible trend reversal or a deeper correction in the BTC market.

Moreover, the BTC funding rate has once again turned negative, indicating the dominance of short traders who are now paying to maintain their positions. At the time of writing, it stands at -0.0053%.

A negative funding rate for BTC means that short sellers are paying long holders to maintain their positions. This indicates a predominance of bearish sentiment in the market and suggests that traders expect further declines in the price of the coin.

High demand for put options in the BTC market today confirms the bearish forecast. According to Deribit, the ratio of puts to calls for BTC currently stands at 1.36.

This indicates bearish sentiment among traders. The ratio shows growing expectations for a price decrease.

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