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Funding for Bitcoin positions remains neutral at (~0.0028774%), indicating that the price increase is not driven by leveraged speculation. Spot BTC ETFs in the US are attracting capital; for example, BlackRock’s IBIT holds 700,000 BTC (assets under management at $83 billion). What this means: Institutional accumulation is reducing selling pressure. The ETF custody mechanism locks up BTC supply, creating a structurally bullish outlook.

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