CoinEx News: On April 28, 10x Research head said Bitcoin’s move toward $80,000 came with weaker participation, as BTC weekly volume ran 17% below average and ETH volume fell 20%. Funding rates dropped 6.8% to the 3rd percentile, while trading volume fell 33% to the 4th percentile, suggesting the rally was driven more by spot buying or short covering than leveraged long speculation.

Bitcoin ETFs have posted nine straight days of net inflows, with April inflows reaching $2.5 billion and BTC dominance rising to 60%, but thin volume and muted derivatives positioning leave the rally dependent on fresh catalysts.