TechFlow News, January 23: According to a Cointelegraph report, Bitcoin derivatives market data shows traders are cautious about short-term price movements but still plan to accumulate at current levels.
The annualized funding rate for Bitcoin perpetual contracts remained at 7% on Thursday—slightly below the typical neutral range of 6%–12%, indicating weak bullish leverage demand. Laevitas data shows that the most actively traded Bitcoin options strategies are long straddles and long iron condors, suggesting that large holders expect the asset to enter an accumulation phase rather than undergo a deep correction.
Despite Bitcoin’s recent drop below $91,000, top traders on major exchanges have increased their bullish exposure. Analysts believe Bitcoin’s return to the critical $95,000 level hinges on a recovery in institutional capital inflows—especially given this week’s $1.58 billion outflow from Bitcoin spot ETFs.
