$BTC ETF headline looks worrying, but there’s another part of the story I think is easy to miss.
U.S. spot Bitcoin ETFs recorded roughly $484.9 million in net outflows on October 7, according to Farside data. That was a sharp reversal from the $118.8 million inflow recorded just one day earlier.
The price was also under pressure. $BTC moved down toward the $82K area after failing to hold the higher levels seen earlier this week. Binance’s latest market data has BTC around $82.7K, with the broader crypto market also trading lower.
But here’s what caught my attention: ETF flows and actual spot-market demand are not exactly the same thing.
Recent analysis from CryptoQuant showed that apparent spot demand had improved from roughly -182,000 BTC on September 24 to around -101,000 BTC by October 1, but it was still negative. So even when ETFs were attracting billions during late September, the wider spot-demand picture was not showing the same strength.
That doesn’t automatically mean $BTC is bearish. It simply tells me that ETF flows are only one part of the market.
For me, the important thing now is whether real spot demand starts improving while ETF flows stabilise. If both begin moving in the same direction, the picture becomes much easier to understand.
Are you watching ETF flows alone, or do you also look at spot demand and trading activity?
#IMFSaysTokenizedMarketsSmall #FedMinutesFocusOnOctoberPause #Bitcoin #BTC #BinanceSquare #Crypto #BitcoinETF #BTCUSDT #CryptoMarket #DYOR
U.S. spot Bitcoin ETFs recorded roughly $484.9 million in net outflows on October 7, according to Farside data. That was a sharp reversal from the $118.8 million inflow recorded just one day earlier.
The price was also under pressure. $BTC moved down toward the $82K area after failing to hold the higher levels seen earlier this week. Binance’s latest market data has BTC around $82.7K, with the broader crypto market also trading lower.
But here’s what caught my attention: ETF flows and actual spot-market demand are not exactly the same thing.
Recent analysis from CryptoQuant showed that apparent spot demand had improved from roughly -182,000 BTC on September 24 to around -101,000 BTC by October 1, but it was still negative. So even when ETFs were attracting billions during late September, the wider spot-demand picture was not showing the same strength.
That doesn’t automatically mean $BTC is bearish. It simply tells me that ETF flows are only one part of the market.
For me, the important thing now is whether real spot demand starts improving while ETF flows stabilise. If both begin moving in the same direction, the picture becomes much easier to understand.
Are you watching ETF flows alone, or do you also look at spot demand and trading activity?
#IMFSaysTokenizedMarketsSmall #FedMinutesFocusOnOctoberPause #Bitcoin #BTC #BinanceSquare #Crypto #BitcoinETF #BTCUSDT #CryptoMarket #DYOR