Bitcoin Holds Near $80,000 Amid Cooling Spot Activity

Bitcoin (BTC) is trading near $80,000 on Monday despite weakening activity across spot and derivatives markets. According to Glassnode, price momentum declined 5% over the past seven days, falling from 85.5 to 81.2. This decline indicates that upward pressure and buyer dominance remain intact.

Spot market activity showed signs of cooling with a cumulative volume delta (CVD) fall of 124%, from $279.7 million to -$67.2 million. The shift into negative territory suggests selling pressure outweighed buying activity among market takers. Spot trading volume decreased by 29.3%, falling from $8.7 billion to $6.2 billion over the seven days.

Futures open interest increased 2.4% over the week, rising from $35.9 billion to $36.7 billion. This indicates elevated participation and continued speculative engagement. However, funding rates fell with long-side funding declining by 21.9%, from $2.1 million to $1.6 million.

Institutional demand remained strong despite a slowdown in inflows into US spot Bitcoin ETFs. Inflows declined 50.72% to $946 million but remained above the high statistical band, signaling sustained institutional demand. On-chain capital flow indicators also strengthened with Realized Cap Change increasing by 293.8%