Bitcoin Market Pulse: Week 38 Analysis

Bitcoin is trading near $76,800, marking a 4.4% weekly decline while maintaining a range between $76,600 and $80,400. Spot market conditions have softened with increased net selling on centralized exchanges, and US spot ETFs recorded $467.5 million in net outflows. While derivatives leverage remains elevated, on-chain activity has cooled, and profitability metrics show signs of easing despite remaining above historical high bands.