Bitcoin ETF Inflows Stumble—But Bulls Keep Charging | Weekly Crypto Pulse
Wall Street’s latest ETF flavor-of-the-week sees cooling demand—yet Bitcoin hodlers aren’t flinching. Here’s why the smart money’s still betting against the doomsayers.
• Dip buyers awake: Despite 17% lower inflows week-over-week, BTC’s price floor holds firmer than a banker’s handshake.
• Institutional FOMO intact: BlackRock’s IBIT records its 69th straight inflow day—because nothing says ’conviction’ like a nice round number.
• The cynical take: Traders pivoting to altcoins? More likely hedgies rebalancing portfolios between martini lunches.
This isn’t 2021’s mindless euphoria. Today’s rally walks on the legs of spot ETF approvals and actual adoption—even if Wall Street still takes 20% in fees to ’manage the risk.’
ETF Inflows Slow as Price Consolidation Cools Investor Appetite
Between May 12 and May 16, inflows into spot BTC ETFs totaled $603.74 million. Although this was a net positive in terms of inflow into these funds, last week’s figure was the lowest weekly inflow in the past month. This highlights a more cautious but sustained capital movement into the market.
The slowdown in ETF inflows can be linked to BTC price consolidation during the five-day period under review. Throughout that period, BTC traded sideways, facing resistance at around $104,971 while finding consistent support at $102,711.
This lack of clear movement likely led some investors to be more cautious, resulting in reduced capital inflows into BTC ETFs last week.
BTC Eyes Fresh Highs
Still, bullish momentum persists in the BTC market. The king coin briefly surged to a three-month high of $107,108 during Monday’s early Asian trading session. While it has since corrected to trade at $104,956, the bullish bias toward the coin remains significant.
BTC’s price uptick comes alongside a rise in its futures open interest. This stands at $70.03 billion at press time, climbing 7% over the past day.
Open interest refers to the total number of outstanding derivative contracts, such as futures or options, that have not been settled. When open interest rises alongside price, it typically signals that new money is entering the market. This supports the strength of BTC’s ongoing trend and could trigger a sustained price uptick in the NEAR term.
Moreover, options market data further supports this optimistic outlook. Today, the demand for call options has outpaced puts, pointing to a growing demand for bullish positioning.
Nevertheless, with derivatives activity surging and BTC reclaiming higher price levels, the coin could reach new highs in the short term.
