Bitcoin is near $64,226 after roughly $85.8 million in net spot ETF inflows on Friday snapped a 5-day outflow streak. The key question is whether derivatives are confirming it, and right now that positioning looks much more restrained than the headline price move.
Bitcoin positioning shows funding rate at -0.19% annualized, open interest up 0.73% in the past day, and outstanding futures now totaling $47.17 billion.
Bitcoin briefly spiked toward $64,800 on geopolitical headlines before settling back near $64,200, a quick fade that underscores how limited the follow-through still is.