Main takeout:
Spot Bitcoin ETF inflows have dropped from $ 3 billion to $ 222 million from more than 90% over four weeks.
Powerful ETF inflows often lead to bitcoin rally, but according to recent data, price fluctuations can occur independently.
Despite the short -term sales pressure, long -term BTC whale purchases suggest potential sustainability of the BTC increase.
The Bitcoin (BTC) market has decreased by more than 90% from the inflow of the SPOT BTC Exchange-Traded (ETF), which has decreased from $ 3 billion in April to $ 228 million this week.
Historically, the slowdown in ETF inflows has influenced the price of more than $ 1.5 billion in an average of more than $ 1.5 billion in the inflow. To understand the potential impact on Bitcoin, let’s look at the correlation between four major periods of important spot ETF activities and BTC price fluctuations.
From February 2 to March 15, 2024, SPOT ETFS recorded $ 113.9 billion in net inflow for seven weeks, a 57%surge. The price of the BTC reached its peak in the fifth week, but it was not worth the value of $ 4.8 billion in the last two weeks.
Similarly, in the third quarter of 2024, $ 16.8 billion in 9 weeks from October 18 to December 13, which triggered 66% rally. However, as the inflow slowed for 10 weeks, the price of Bitcoin fell 9%, enhancing the connection between ETF flow and price modifications.
In the first quarter of 2025, $ 3.8 billion (January 17-24) was consistent with the maximum of $ 110,000 in the new history on January 20, but the overall price dropped 4.8%.
Most recently, April 2, April 2, 2025 (April 25-19), I saw a $ 5.8 billion inlet and a 22%price rally, but Bitcoin has already gained 8%despite Netflows for two weeks.
This data challenges the concept that SPOT ETFs are consistently priced. In the third quarter of 2024 and 2025 in 2025, strong inflow fuel rally, Q1 2024 and Q1 2025 suggests that prices may be stagnant or falling despite significant inflows. Spot ETF activities and partially independent Q2 2025 rally suggests other drivers, such as relieving US tariffs, retailers, or bitcoin whales.
The current trend is weak due to the inflow of $ 280 million, suggesting potential correction. But in recent whale activities, there is a controversy and draws a stronger picture.
Related: 6 signs of predicting $ 140K as the next price top of Bitcoin
Bitcoin sells pressure, but whales can maintain trends.
According to Alphractal CEO Joao Wedson, Bitcoin indicates short -term sales pressure because the purchase/sales pressure delta turns into negative numbers. The chart has been offered off the BTC from $ 105,000 to $ 100,000, and WEDSON is dangerous. The change in this weakness with negative cumulative volume delta indicates that it sells pressure in the short term.
However, long -term purchase pressure is still strong, and this dip suggests that it is not a reversal, but a correction. Cryptoquant’s data emphasizes that whales are relatively less profitable for the current period than the previous price. Anonymist Blitztrading mentioned.
“Compared to the previous rally, we can see that whales have gained much less profit during the recent surge. This can indicate that the upward trend may continue. This chart must be monitored closely.”
Related: Bitcoin Bulls aims to be a new all -time high as capital inflows are soaring next week.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.