Market check: funding rates hovering at 0.01-0.02% across major pairs signals restrained bullish sentiment. $BTC liquidation data shows 60% shorts vs 40% longs getting crushed in 24h period.

Volume analysis indicates supply pressure - 16.5k btc purchased against 3.1k mined. ETF flows creating notable market imbalance.

Current indicators suggest underlying strength despite market hesitation. Supply dynamics point toward continuation of upward trend.