5 days ago
Key points:
Bitcoin firm treasuries added 630 BTC to commencement the week, continuing a month-long inflow trend.
The determination contrasts with an ongoing sell-off among the Bitcoin ETFs, which sold astir $300 cardinal Monday.
Not everyone is bearish astir “buying the dip” astatine existent levels.
Bitcoin (BTC) firm treasuries added implicit 600 BTC Monday contempt crypto marketplace nerves.
Data from quantitative integer plus money Capriole Investments confirms that firm buyers are ignoring the BTC terms dip.
Bitcoin treasuries subordinate ETF sell-off trend
Bitcoin is inactive a coagulated “buy” for immoderate marketplace participants — adjacent arsenic many, including organization investors, unreserved for the exit.
Capriole information shows that connected Monday, firm Bitcoin treasuries added astir 630 BTC ($72 million).
BTC/USD 1-day illustration with treasury buys and sells. Source: Capriole InvestmentsThe fig marks a caller August high, and reflects a divergence successful sentiment betwixt treasuries and different largescale investors.
The aforesaid day, the US spot Bitcoin exchange-traded funds (ETFs) saw a net outflow of $323.5 million. The largest ETF, BlackRock’s iShares Bitcoin Trust (IBIT), shed $292.2 cardinal successful 1 of its largest regular outflows of 2025.
US spot Bitcoin ETF netflows (screenshot). Source: Farside InvestorsCapriole reveals firm treasury involvement stayed beardown passim July, meanwhile, with the biggest day, July 21, seeing buys of implicit 26,700 BTC ($3 billion).
Commenting connected the data, Capriole laminitis Charles Edwards noted that connected the uncommon occasions that treasuries spot ample outflows, section BTC terms bottoms are nearby.
“Every clip Bitcoin treasury companies regular income person exceeded 1500 implicit the past cycle, it's been astatine the section terms lows, i.e. a bargain signal,” helium told X followers Tuesday.
The past clip that specified outflows were recorded was connected March 31, erstwhile treasuries sold implicit 1,700 BTC ($194 million). BTC/USD fell to lows of $74,500 astir 1 week later.
BTC/USD 1-day illustration with treasury buys and sells. Source: Capriole InvestmentsETF expert shrugs disconnected marketplace “dooming”
As Cointelegraph reported, expectations were precocious for Monday’s ETF results, with trading steadfast QCP Capital saying they would dictate short-term marketplace mood.
Related: Is BTC repeating way to $75K? 5 things to cognize successful Bitcoin this week
“If inflows resume and vol metrics statesman to compress, it would supply stronger grounds that existent conditions whitethorn enactment a buy-the-dip narrative,” it concluded successful a bulletin to Telegram transmission subscribers.
For Bloomberg ETF expert Eric Balchunas, however, existent conditions could represent a classical opportunity.
“Lot of dooming going on, but don't beryllium amazed if traders bargain the dip,” helium wrote connected X alongside a illustration of dip-buying returns.
“Why? Because it works- and has had for virtually DECADES.”Lot of dooming going on, but don't beryllium amazed if traders bargain the dip. Why? Because it works- and has had for virtually DECADES. Here's a look astatine the avg play returns aft a dip. Not arsenic bully a popular arsenic it produced successful 2021 and the '90s, but inactive positive. pic.twitter.com/IRrLrh2rWy
— Eric Balchunas (@EricBalchunas) August 4, 2025This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.
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