
Bitcoin sat near $78,000 on Friday after spot BTC ETFs absorbed another $223.2 million Thursday, extending the inflow streak to eight straight sessions and lifting April's month-to-date tally to $2.43 billion, per SoSoValue. The level traders are now contesting is the 21-week exponential moving average, a structural pivot BTC has not closed above on the weekly chart since the late-January macro-triangle break, according to Rekt Capital. Funding tells the other half of the story: 30-day cumulative funding on Binance sits near minus 4.5%, the most negative print since the 2022 cycle low.
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