After $2.39B flowed in, I actually became more focused on why BTC hasn’t risen faster.
Last week, net inflows into BTC ETFs were about $2.39B, and ETH and SOL also received funding at the same time.
But BTC is still hovering around 82K.
This points to one thing:
Incremental buy demand ≠ sell pressure has disappeared.
If ETF capital pours in and the price still can’t break through effectively, it suggests that there may be equally strong supply on the other side.
So going forward, I won’t just look at whether ETFs are “seeing inflows”; I’ll look at:
With the same $1 of new capital, how much price movement it can drive.
If capital keeps flowing in + the price starts to accelerate
→ The bid side is gaining the upper hand.
If capital keeps flowing in + the price remains range-bound
→ It suggests the capital may only be absorbing sell pressure.
Cash-flow tells me who is buying.
Price action tells me whether those bids are strong enough.
$BTC #bitcoin #ETF
Last week, net inflows into BTC ETFs were about $2.39B, and ETH and SOL also received funding at the same time.
But BTC is still hovering around 82K.
This points to one thing:
Incremental buy demand ≠ sell pressure has disappeared.
If ETF capital pours in and the price still can’t break through effectively, it suggests that there may be equally strong supply on the other side.
So going forward, I won’t just look at whether ETFs are “seeing inflows”; I’ll look at:
With the same $1 of new capital, how much price movement it can drive.
If capital keeps flowing in + the price starts to accelerate
→ The bid side is gaining the upper hand.
If capital keeps flowing in + the price remains range-bound
→ It suggests the capital may only be absorbing sell pressure.
Cash-flow tells me who is buying.
Price action tells me whether those bids are strong enough.
$BTC #bitcoin #ETF
