Bitcoin Price Remains Stagnant Despite Mild Bullish Signs

Bitcoin's price has been stuck above $80,000 for 12 days, with some signs of a potential turnaround. Open Interest in perpetual markets has risen from $6.4 billion to $8.96 billion since March, indicating renewed trader activity and a possible increase in market volatility.

In addition, spot market net inflows have been increasing, suggesting more Bitcoin is being moved to private wallets, likely for long-term holding. This trend is seen as a mild bullish signal, but actual demand for the cryptocurrency remains minimal.