BTC spot, ETF buying slows as price trades near $80K

Bitcoin is trading near $80,000 after failing to break above $85,000 last week, while buying by spot and exchange-traded fund investors has slowed as the price declines, according to a Glassnode analysis posted on X. The analysis said long-position holders in the futures market are still paying funding fees, while the options market is showing hedging demand tied to risk aversion.