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…

---

Filed under: News - @ December 10, 2025 3:28 am