Spot bitcoin etf inflows fall, but the btc whale activity points in bull market acceleration
Key Takeaways:
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The spot bitcoin ETF inflows dropped by more than 90% from $ 3 billion to $ 228 million in four weeks.
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While strong ETF flows often drive bitcoin rallies, recent data show price movements can occur independently.
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Despite the short-term sale of pressure, the long-term purchase of the BTC whale suggests a potential continuation of the BTC uprising.
The bitcoin (BTC) The market posted a 90+% collapse in the BTC exchange-traded fund (ETF) influenza, falling from $ 3 billion in the last week of April to just $ 228 million this week.
Historically, a slowdown in ETF flows affects the price of BTC, especially when the sun -flow averages more than $ 1.5 billion for consecutive weeks. To understand the potential impact on Bitcoin, let us evaluate the four major periods of significant ETF activity and their correlation with BTC price movements.
In Q1 2024, from Feb. 2 to March 15, the Spot ETFs recorded $ 11.39 billion In net inflows for seven weeks, driving 57% price climb. Although BTC prices have sank in the week five, as the $ 4.8 billion flow in the last two weeks has not pushed its value.
Similarly, Q3 2024 saw $ 16.8 billion in the nine weeks from October 18 to December 13, putting a 66% rally. However, when the flow slows down the 10th week, the price of Bitcoin drops 9%, strengthening the link between ETF flows and price correction.
In Q1 2025, $ 3.8 billion flows in two weeks (Jan. 17–24) coincides with a new full time $ 110,000 on January 20, but the overall price dropped by 4.8%.
Most recently -well, Q2 2025 (April 25 -may 9) found $ 5.8 billion in flow and a 22% price rally, even though Bitcoin gained 8% over the past two weeks despite negative netflows.
This data challenges the notion that the ETF area is constantly driving prices. While Q3 2024 and Q2 2025 suggest strong gasoline flow, Q1 2024 and Q1 2025 show prices can stabilize or fall despite significant flow. The Q2 2025 rally, which is partly independent of the ETF activity of the spot, indicates other drivers such as avoiding US tariffs, retail interest or accumulation of Bitcoin whale.
Through today’s currents of $ 228 million, the historical trend is leaning, suggesting a potential correction. However, a counterargument emerges from the recent whale activity, painting a more bullish picture.
Related: 6 Signs Proposal of $ 140k as the next Bitcoin price to the next price
Bitcoin faces sell pressure, but whales can keep the trend
Bitcoin shows short -term sales pressure as the purchase/selling pressure of the delta has become negative, according to alphractal CEO Joao Wedson. The Chart shows Those whales begin with the BTC offloading between $ 105,000 and $ 100,000, a degree that has been blown away by Wedson’s risk. This change, with a negative combined -with the volume of the delta, indicates the sale of pressure in the short term.
However, the long-term pressure of the purchase remains strong, suggesting this sinking is a correction, not a reflection. Data from cryptoquant highlights whose whales take out a bit less income today than previous price peaks. Anonymous Analyst Blitzz Trading mentioned, mentioned,
“Compared to previous rallies, we can see that whales have earned less income during this recent climb. This may indicate that the upward trend may continue. This chart should be monitored closely.”
Related: The Bitcoin Bulls aimed for new hours high next week as the capital flowing sinks
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
