The days between 14 and 17 April have seen Bitcoin spot ETFs recover with net inflows of around $15.85 million, according to data from Farside Investors.
Still, it might not be time to celebrate yet, as this figure stands as the lowest weekly inflow recorded so far this year.
Data from Coinglass shows that Bitcoin’s futures open interest has fallen despite the price rally.
In essence, Bitcoin only looks bullish on the surface. The real market drivers remain on the bench and don't seem too convinced that this upward push will last.
If Bitcoin can maintain its current momentum and stay above $87,000, this moving average could just be its next stepping stone toward higher highs.
The spot Bitcoin ETFs have seen a major recovery in the past week, after breaking out of an outflow streak.
However, while the netflows have turned green again, they remain far from impressive.
This could mean that institutional investors are still cautious about making risky moves, and here are all the details.
Bitcoin ETFs Recover Slightly After Outflows
The days between 14 and 17 April have seen Bitcoin spot ETFs recover with net inflows of around $15.85 million, according to data from Farside Investors.
This marks a major turnaround from last week's performance when $713 million flowed out of these investment products.
Still, it might not be time to celebrate yet, as this figure stands as the lowest weekly inflow recorded so far this year.
It shows that the general market is still in a slowdown, especially among institutional investors, who now seem to be taking a more conservative outlook towards the market.
One of the biggest factors behind this cautious sentiment is the rise in global trade tensions.
More and more countries are tightening trade restrictions, and China is working towards taking measures against other countries besides the US.
This instability and the trade war that threatens to happen have pushed investors to reassess their portfolios and lean towards safer assets.
The recent netflows into the Bitcoin ETFs now show that while some institutions are dipping a toe or two into the market, many remain on the sidelines.
This wait-and-see approach further shows that there is a large-scale reallocation of capital away from risk-on assets.
Bitcoin Price Climbs, But Futures Open Interest Declines
Despite the underwhelming performance of the ETF inflows, Bitcoin itself has shown some strength this week.
At the time of writing, the cryptocurrency is trading strongly above the $87,000 zone in a 3% price increase over the last 24 hours.
However, the market doesn’t seem to be celebrating this rise, according to data from the derivatives market.
Data from Coinglass shows that Bitcoin’s futures open interest has fallen despite the price rally.
In essence, Bitcoin only looks bullish on the surface. The real market drivers remain on the bench and don't seem too convinced that this upward push will last.
Crypto analyst Omkar Godbole believes that Bitcoin has made a meaningful move on the technical side.
According to a recent update, the analyst reemphasized that Bitcoin spent the last week trading between $83,000 and $86,000.
However, Bitcoin is now back above $87,000 in a show of bullish strength.
This move has shifted attention to the $90,000–$92,000 price level, which used to be a strong support area earlier in the year.
So far, Bitcoin has managed to break above its 30-day exponential moving average (EMA), which is typically used by traders to identify momentum shifts.
This breakout indicates that the bulls might be regaining control after a shaky couple of weeks.
As it stands, the next technical target is the 200-day simple moving average (SMA), which currently sits at around $88,245.
If Bitcoin can maintain its current momentum and stay above $87,000, this moving average could just be its next stepping stone toward higher highs.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Bitcoin ETF Inflows Rebound to 2025 Lows: Bullish Signal for BTC?
Key Insights
The spot Bitcoin ETFs have seen a major recovery in the past week, after breaking out of an outflow streak.
However, while the netflows have turned green again, they remain far from impressive.
This could mean that institutional investors are still cautious about making risky moves, and here are all the details.
Bitcoin ETFs Recover Slightly After Outflows
The days between 14 and 17 April have seen Bitcoin spot ETFs recover with net inflows of around $15.85 million, according to data from Farside Investors.
This marks a major turnaround from last week's performance when $713 million flowed out of these investment products.
Still, it might not be time to celebrate yet, as this figure stands as the lowest weekly inflow recorded so far this year.
It shows that the general market is still in a slowdown, especially among institutional investors, who now seem to be taking a more conservative outlook towards the market.
One of the biggest factors behind this cautious sentiment is the rise in global trade tensions.
More and more countries are tightening trade restrictions, and China is working towards taking measures against other countries besides the US.
This instability and the trade war that threatens to happen have pushed investors to reassess their portfolios and lean towards safer assets.
The recent netflows into the Bitcoin ETFs now show that while some institutions are dipping a toe or two into the market, many remain on the sidelines.
This wait-and-see approach further shows that there is a large-scale reallocation of capital away from risk-on assets.
Bitcoin Price Climbs, But Futures Open Interest Declines
Despite the underwhelming performance of the ETF inflows, Bitcoin itself has shown some strength this week.
At the time of writing, the cryptocurrency is trading strongly above the $87,000 zone in a 3% price increase over the last 24 hours.
However, the market doesn’t seem to be celebrating this rise, according to data from the derivatives market.
Data from Coinglass shows that Bitcoin’s futures open interest has fallen despite the price rally.
In essence, Bitcoin only looks bullish on the surface. The real market drivers remain on the bench and don't seem too convinced that this upward push will last.
Crypto analyst Omkar Godbole believes that Bitcoin has made a meaningful move on the technical side.
According to a recent update, the analyst reemphasized that Bitcoin spent the last week trading between $83,000 and $86,000.
However, Bitcoin is now back above $87,000 in a show of bullish strength.
This move has shifted attention to the $90,000–$92,000 price level, which used to be a strong support area earlier in the year.
So far, Bitcoin has managed to break above its 30-day exponential moving average (EMA), which is typically used by traders to identify momentum shifts.
This breakout indicates that the bulls might be regaining control after a shaky couple of weeks.
As it stands, the next technical target is the 200-day simple moving average (SMA), which currently sits at around $88,245.
If Bitcoin can maintain its current momentum and stay above $87,000, this moving average could just be its next stepping stone toward higher highs.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.