Spot Bitcoin ETF inflows fall, but BTC whale activity points to bull market acceleration

7 hours ago

Key takeaways:

Spot Bitcoin ETF inflows dropped implicit 90% from $3 cardinal to $228 cardinal successful 4 weeks.
While beardown ETF inflows often thrust Bitcoin rallies, caller information shows terms movements tin hap independently.
Despite short-term selling pressure, semipermanent BTC whale buying suggests a imaginable continuation of the BTC uptrend.

The Bitcoin (BTC) marketplace posted a 90+% driblet successful spot BTC exchange-traded money (ETF) inflows, falling from $3 cardinal successful the past week of April to conscionable $228 cardinal this week.

Historically, a slowdown successful ETF inflows has impacted BTC price, notably erstwhile regular inflows averaged implicit $1.5 cardinal for consecutive weeks. To recognize the imaginable interaction connected Bitcoin, let’s analyse 4 cardinal periods of important spot ETF enactment and their correlation with BTC terms movements.

Cryptocurrencies, Bitcoin Price, Markets, Price Analysis, Market Analysis, Bitcoin ETF, ETF

In Q1 2024, from Feb. 2 to March 15, the spot ETFs recorded $11.39 billion successful nett inflows implicit 7 weeks, driving a 57% terms surge. Although BTC prices peaked successful week five, arsenic $4.8 cardinal inflows successful the last 2 weeks did not propulsion its worth higher.

Similarly, Q3 2024 saw $16.8 cardinal successful inflows implicit 9 weeks from Oct. 18 to Dec. 13, fueling a 66% rally. However, erstwhile inflows slowed successful the 10th week, Bitcoin’s terms dropped 9%, reinforcing the nexus betwixt ETF flows and terms corrections.

In Q1 2025, $3.8 cardinal successful inflows implicit 2 weeks (Jan. 17–24) coincided with a caller all-time precocious of $110,000 connected Jan. 20, but wide prices fell 4.8%.

Most recently, Q2 2025 (April 25–May 9) saw $5.8 cardinal successful inflows and a 22% terms rally, though Bitcoin had already gained 8% successful the anterior 2 weeks contempt antagonistic netflows.

This information challenges the conception that spot ETF inflows consistently thrust prices. While Q3 2024 and Q2 2025 suggest beardown inflows substance rallies, Q1 2024 and Q1 2025 amusement prices tin stagnate oregon autumn contempt important inflows. The Q2 2025 rally, partially autarkic of spot ETF activity, hints astatine different drivers similar easing US tariffs, retail involvement oregon Bitcoin whale accumulation.

With inflows present astatine $228 million, the humanities inclination leans bearish, suggesting a imaginable correction. However, a counterargument emerges from caller whale activity, which paints a much bullish picture.

Bitcoin faces selling pressure, but whales whitethorn clasp the trend

Bitcoin exhibits short-term selling unit arsenic the Buy/Sell Pressure Delta turns negative, according to Alphractal CEO Joao Wedson. The chart shows that whales are starting to offload BTC betwixt $105,000 and $100,000, a level flagged arsenic risky by Wedson. This bearish shift, with a antagonistic cumulative measurement delta, indicates selling unit successful the abbreviated term.

Yet, semipermanent buying unit remains strong, suggesting this dip is simply a correction, not a reversal. Data from CryptoQuant highlights that whales are taking comparatively less profits successful the existent play than successful erstwhile terms peaks. Anonymous expert Blitzz Trading noted,

“Compared to erstwhile rallies, we tin spot that whales person taken importantly little nett during this caller surge. This could bespeak that the upward inclination whitethorn continue. This illustration should beryllium monitored closely.”

This 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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