The post Bitcoin’s Building Momentum Faces Cautious ETF and Options Sentiment appeared on BitcoinEthereumNews.com. Bitcoin’s price is currently oscillating between $89,000 and $93,000, driven by on-chain dynamics where investors alternate between profitability and profit-taking. This range-bound movement signals building momentum amid cautious sentiment from ETF holders and options traders hedging against downside risks. Bitcoin’s MVRV ratio has risen to 1.67, indicating improved investor profitability as the asset moves away from its $81,900 mean value. US spot Bitcoin ETFs shifted from net buying $134.2 million to selling $707.3 million, reflecting bearish distribution. Supply in profit increased to 67.3 percent, with short-term holders at a net loss below their $109,000 average buy price, per Glassnode data. Discover Bitcoin’s price momentum in 2025 as it hovers between $89,000 and $93,000 amid on-chain shifts and cautious ETF behavior. Explore key indicators and expert insights for informed trading decisions. Stay updated on BTC trends today. What is Driving Bitcoin’s Current Price Momentum? Bitcoin’s current price momentum stems from a delicate balance of on-chain profitability cycles and market participant behaviors, keeping the cryptocurrency trading within a $89,000 to $93,000 band. Investors are experiencing alternating phases of gains and distributions, particularly among US spot ETFs, which have flipped from accumulation to selling. This dynamic, highlighted by Glassnode’s analysis, suggests underlying strength despite persistent caution. How Are ETF Investors Influencing Bitcoin’s Market Sentiment? US spot Bitcoin exchange-traded funds (ETFs) have played a pivotal role in the recent price consolidation, transitioning from bullish accumulation to bearish profit-taking. Glassnode’s research indicates that as Bitcoin’s price edged away from its True Market Mean Value of $81,900, the Market Value to Realized Value (MVRV) ratio climbed to 1.67, boosting overall investor profitability. Trading volume surged to $22.6 billion during this period, underscoring heightened activity. However, this profitability surge prompted ETF investors to distribute holdings aggressively. Data shows a stark reversal: from net purchases of $134.2 million… The post Bitcoin’s Building Momentum Faces Cautious ETF and Options Sentiment appeared on BitcoinEthereumNews.com. Bitcoin’s price is currently oscillating between $89,000 and $93,000, driven by on-chain dynamics where investors alternate between profitability and profit-taking. This range-bound movement signals building momentum amid cautious sentiment from ETF holders and options traders hedging against downside risks. Bitcoin’s MVRV ratio has risen to 1.67, indicating improved investor profitability as the asset moves away from its $81,900 mean value. US spot Bitcoin ETFs shifted from net buying $134.2 million to selling $707.3 million, reflecting bearish distribution. Supply in profit increased to 67.3 percent, with short-term holders at a net loss below their $109,000 average buy price, per Glassnode data. Discover Bitcoin’s price momentum in 2025 as it hovers between $89,000 and $93,000 amid on-chain shifts and cautious ETF behavior. Explore key indicators and expert insights for informed trading decisions. Stay updated on BTC trends today. What is Driving Bitcoin’s Current Price Momentum? Bitcoin’s current price momentum stems from a delicate balance of on-chain profitability cycles and market participant behaviors, keeping the cryptocurrency trading within a $89,000 to $93,000 band. Investors are experiencing alternating phases of gains and distributions, particularly among US spot ETFs, which have flipped from accumulation to selling. This dynamic, highlighted by Glassnode’s analysis, suggests underlying strength despite persistent caution. How Are ETF Investors Influencing Bitcoin’s Market Sentiment? US spot Bitcoin exchange-traded funds (ETFs) have played a pivotal role in the recent price consolidation, transitioning from bullish accumulation to bearish profit-taking. Glassnode’s research indicates that as Bitcoin’s price edged away from its True Market Mean Value of $81,900, the Market Value to Realized Value (MVRV) ratio climbed to 1.67, boosting overall investor profitability. Trading volume surged to $22.6 billion during this period, underscoring heightened activity. However, this profitability surge prompted ETF investors to distribute holdings aggressively. Data shows a stark reversal: from net purchases of $134.2 million…

Bitcoin’s Building Momentum Faces Cautious ETF and Options Sentiment

2025/12/10 11:28
  • Bitcoin’s MVRV ratio has risen to 1.67, indicating improved investor profitability as the asset moves away from its $81,900 mean value.

  • US spot Bitcoin ETFs shifted from net buying $134.2 million to selling $707.3 million, reflecting bearish distribution.

  • Supply in profit increased to 67.3 percent, with short-term holders at a net loss below their $109,000 average buy price, per Glassnode data.

Discover Bitcoin’s price momentum in 2025 as it hovers between $89,000 and $93,000 amid on-chain shifts and cautious ETF behavior. Explore key indicators and expert insights for informed trading decisions. Stay updated on BTC trends today.

What is Driving Bitcoin’s Current Price Momentum?

Bitcoin’s current price momentum stems from a delicate balance of on-chain profitability cycles and market participant behaviors, keeping the cryptocurrency trading within a $89,000 to $93,000 band. Investors are experiencing alternating phases of gains and distributions, particularly among US spot ETFs, which have flipped from accumulation to selling. This dynamic, highlighted by Glassnode’s analysis, suggests underlying strength despite persistent caution.

How Are ETF Investors Influencing Bitcoin’s Market Sentiment?

US spot Bitcoin exchange-traded funds (ETFs) have played a pivotal role in the recent price consolidation, transitioning from bullish accumulation to bearish profit-taking. Glassnode’s research indicates that as Bitcoin’s price edged away from its True Market Mean Value of $81,900, the Market Value to Realized Value (MVRV) ratio climbed to 1.67, boosting overall investor profitability. Trading volume surged to $22.6 billion during this period, underscoring heightened activity.

However, this profitability surge prompted ETF investors to distribute holdings aggressively. Data shows a stark reversal: from net purchases of $134.2 million to net sales of $707.3 million in Bitcoin. This shift reflects a bearish stance among institutional players, who are locking in gains amid fears of volatility. In the options market, skepticism persists, with the 25-delta skew rising to 12.88 percent. Traders are paying premiums for downside protection through short positions, indicating they view the bullish push as fragile.

Source: Glassnode

Glassnode emphasized that while these trends point to early recovery signals, the market’s cautious positioning underscores ongoing rebuilding of confidence post-volatility. This bearish undercurrent from ETFs could cap upside potential unless broader sentiment improves.

Frequently Asked Questions

What Role Do Short-Term Holders Play in Bitcoin’s Price Recovery?

Short-term holders (STH) are key drivers in Bitcoin’s current price dynamics, with their Spent Output Profit Ratio (SOPR) rising to 18.5 percent and Hot Capital Share at 39.9 percent, per Glassnode metrics. Operating at a net loss below their $109,000 average entry, STHs are incentivized to hold as momentum builds toward $100,000, potentially accelerating recovery if profit-taking remains minimal.

Why Is Bitcoin’s Momentum Building Despite Bearish ETF Flows?

Bitcoin’s momentum is building through rising supply in profit at 67.3 percent and subtle on-chain accumulation, even as ETF outflows introduce pressure. Macro factors like equity market strength add uncertainty, but experts note that sustained profitability could outweigh short-term distributions, fostering a gradual shift to bullish confidence.

Key Takeaways

  • Profitability Surge: Bitcoin’s MVRV at 1.67 and 67.3 percent supply in profit highlight improving investor positions, though tempered by ETF selling.
  • Cautious Hedging: Options market skew of 12.88 percent shows traders prioritizing downside protection amid volatile sentiment.
  • STH Influence: With STH-SOPR at 18.5 percent and net losses persisting, accumulation by these holders could propel Bitcoin past $94,000 if macro conditions stabilize.

Source: Glassnode

Conclusion

Bitcoin’s price momentum in 2025 remains a story of cautious optimism, with on-chain indicators like rising MVRV and supply in profit pointing to foundational strength despite ETF bearishness and hedging in options markets. Short-term holders’ behavior will be crucial in breaking the $89,000-$93,000 range. As macro uncertainties ease, investors should monitor profitability metrics closely for signals of a decisive upward shift—consider tracking these trends to position effectively in the evolving crypto landscape.

Source: https://en.coinotag.com/bitcoins-building-momentum-faces-cautious-etf-and-options-sentiment

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Upbit to Raise Cold Wallet Ratio to 99% Amid Liquidity Concerns

Upbit to Raise Cold Wallet Ratio to 99% Amid Liquidity Concerns

The post Upbit to Raise Cold Wallet Ratio to 99% Amid Liquidity Concerns appeared on BitcoinEthereumNews.com. South Korea’s largest cryptocurrency exchange, Upbit, announced plans to increase its cold wallet storage ratio to 99%, following a major security breach last month. The announcement comes as part of a comprehensive security overhaul following hackers’ theft of approximately 44.5 billion won ($31 million) in Solana-based assets on November 27. Upbit Strengthens Security After Second November 27 Breach According to operator Dunamu, Upbit currently maintains 98.33% of customer digital assets in cold storage as of late October, with only 1.67% held in hot wallets. The exchange stated it has completed a full wallet infrastructure overhaul and aims to reduce hot wallet holdings to below 1% in the coming months. Dunamu emphasized that customer asset protection remains Upbit’s top priority, with all breach-related losses covered by the company’s reserves. Sponsored Sponsored The breach marked Upbit’s second major hack on the same date six years ago. In 2019, North Korean hacking groups Lazarus and Andariel stole 342,000 ETH from the exchange’s hot wallet. This time, attackers drained 24 different Solana network tokens in just 54 minutes during the early morning hours. Under South Korea’s Virtual Asset User Protection Act, exchanges must store at least 80% of customer assets in cold wallets. Upbit significantly exceeds this threshold and maintains the lowest hot wallet ratio among domestic exchanges. Data released by lawmaker Huh Young showed that other Korean exchanges were operating with cold wallet ratios of 82% to 90% as of June. Upbit Outpaces Global Industry Standards Upbit’s security metrics compare favorably with those of major global exchanges. Coinbase stores approximately 98% of customer funds in cold storage, while Kraken maintains 95-97% of its funds offline. OKX, Gate.io, and MEXC each keep around 95% of their funds in cold wallets. Binance and Bybit have not disclosed specific ratios but emphasize that the majority of…
Share
BitcoinEthereumNews2025/12/10 13:37
Tidal Trust Files For ‘Bitcoin AfterDark ETF’, Could Off-Hours Trading Boost Returns?

Tidal Trust Files For ‘Bitcoin AfterDark ETF’, Could Off-Hours Trading Boost Returns?

The post Tidal Trust Files For ‘Bitcoin AfterDark ETF’, Could Off-Hours Trading Boost Returns? appeared on BitcoinEthereumNews.com. Tidal Trust has filed for the first Bitcoin AfterDark ETF with the U.S. SEC. The product looks to capture overnight price movements of the token. What Is the Bitcoin AfterDark ETF? Tidal Trust has filed with the SEC for its proposed Bitcoin AfterDark ETF product. It is an ETF that would hold the coin only during non-trading hours in the United States. This filing also seeks permission for two other BTC-linked products managed with Nicholas Wealth Management. Source: SEC According to the registration documents, the ETF would buy Bitcoin at the close of U.S. markets and then sell the position the following morning upon the reopening of trading. In other words, it will effectively hold BTC only over the night “The fund trades those instruments during U.S. overnight hours and closes them out shortly after the U.S. market opens each trading day,” the filing said. During the day, the fund’s assets switch to U.S. Treasuries, money-market funds, and similar cash instruments. That means even when the fund has 100% notional exposure to Bitcoin overnight, a substantial portion of its capital may still sit in Treasuries during the day. Eric Balchunas, senior ETF analyst cited earlier research and said, “most of Bitcoin’s gains historically occur outside U.S. market hours.” If those patterns persist, the Bitcoin AfterDark ETF token will outperform more traditional spot BTC products, he said. Source: X Balchunas added that the effect may be partly driven by positioning in existing Bitcoin ETFs and related derivatives activity. The SEC has of late taken an increasingly more accommodating approach toward crypto-related ETFs. This September, for instance, REX Shares launched the first Ethereum Staking ETF. It represented direct ETH exposure and paid out on-chain staking rewards.  Also on Tuesday, BlackRock filed an application for an iShares Staked Ethereum ETF. The filing states…
Share
BitcoinEthereumNews2025/12/10 13:00
Tempo Testnet Goes Live with Stablecoin Tools and Expanded Partners

Tempo Testnet Goes Live with Stablecoin Tools and Expanded Partners

The post Tempo Testnet Goes Live with Stablecoin Tools and Expanded Partners appeared on BitcoinEthereumNews.com. The Tempo testnet, developed by Stripe and Paradigm, is now live, enabling developers to run nodes, sync the chain, and test stablecoin features for payments. This open-source platform emphasizes scale, reliability, and integration, paving the way for instant settlements on a dedicated layer-1 blockchain. Tempo testnet launches with six core features, including stablecoin-native gas and fast finality, optimized for financial applications. Developers can create stablecoins directly in browsers using the TIP-20 standard, enhancing accessibility for testing. The project has secured $500 million in funding at a $5 billion valuation, with partners like Mastercard and Klarna driving adoption; Klarna launched a USD-pegged stablecoin last month. Discover the Tempo testnet launch by Stripe and Paradigm: test stablecoins, run nodes, and explore payment innovations on this layer-1 blockchain. Join developers in shaping the future of crypto payments today. What is the Tempo Testnet? Tempo testnet represents a pivotal milestone in the development of a specialized layer-1 blockchain for payments, created through a collaboration between Stripe and Paradigm. This public testnet allows participants to run nodes, synchronize the chain, and experiment with essential features tailored for stablecoin operations and financial transactions. By focusing on instant settlements and low fees, it addresses key limitations in traditional blockchains for real-world payment use cases. Source: Patrick Collison The Tempo testnet builds on the project’s foundation, which was first announced four months ago, with an emphasis on developer-friendly tools. It supports a range of functionalities that prioritize reliability and scalability, making it an ideal environment for testing before the mainnet rollout. As per the official announcement from Tempo, this phase will involve ongoing enhancements, including new infrastructure partnerships and stress tests under simulated payment volumes. One of the standout aspects of the Tempo testnet is its open-source nature, inviting broad community involvement. This approach not only accelerates development…
Share
BitcoinEthereumNews2025/12/10 13:01