Post
--
灼见Cryptosighted
·
--
🚨 BTC is in a correction, while ETFs keep attracting inflows for the 6th straight day.
On September 24, US spot Bitcoin ETFs saw net inflows of about $191 million, with BlackRock’s IBIT contributing roughly $163 million.
More importantly, the cumulative net inflows over the past six trading days have already exceeded $2.8 billion.
This creates the most notable divergence in the current market:
📉 BTC pulls back from highs
💰 ETF funds keep flowing in
🔥 Leveraged longs are being liquidated
🏦 But institutional allocation demand hasn’t disappeared in sync
StoneX senior technical strategist Michael Boutros says that behind the recent rise in BTC, there are mainly three categories of buying: ETF inflows, corporate treasury purchases, and short-covering.
The difference is: short-covering will eventually end, while ETF allocation funds theoretically can continue.
However, the $191 million figure also signals something else—ETF inflows are cooling. Previously, daily inflows were close to $1 billion, then gradually declined to $191 million.
So you can’t simply interpret it as “ETF inflows = price will rise immediately.”
What’s truly worth watching is:
Whether ETF funds can continue to hold net inflow, while BTC—after deleveraging—regains spot buying momentum.
If prices adjust but money keeps entering, it looks more like turnover of positions.
Only if ETFs also begin sustaining negative flows might the market logic genuinely change.
The most important question now isn’t whether BTC is up or down today, but:
When prices pull back, who is still buying?
#BTC #ETH #BNB
On September 24, US spot Bitcoin ETFs saw net inflows of about $191 million, with BlackRock’s IBIT contributing roughly $163 million.
More importantly, the cumulative net inflows over the past six trading days have already exceeded $2.8 billion.
This creates the most notable divergence in the current market:
📉 BTC pulls back from highs
💰 ETF funds keep flowing in
🔥 Leveraged longs are being liquidated
🏦 But institutional allocation demand hasn’t disappeared in sync
StoneX senior technical strategist Michael Boutros says that behind the recent rise in BTC, there are mainly three categories of buying: ETF inflows, corporate treasury purchases, and short-covering.
The difference is: short-covering will eventually end, while ETF allocation funds theoretically can continue.
However, the $191 million figure also signals something else—ETF inflows are cooling. Previously, daily inflows were close to $1 billion, then gradually declined to $191 million.
So you can’t simply interpret it as “ETF inflows = price will rise immediately.”
What’s truly worth watching is:
Whether ETF funds can continue to hold net inflow, while BTC—after deleveraging—regains spot buying momentum.
If prices adjust but money keeps entering, it looks more like turnover of positions.
Only if ETFs also begin sustaining negative flows might the market logic genuinely change.
The most important question now isn’t whether BTC is up or down today, but:
When prices pull back, who is still buying?
#BTC #ETH #BNB
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.