US Spot Bitcoin ETFs see two consecutive days of net outflows led by BlackRock IBIT. Analysis of declining open interest and weakening spot demand.

US Spot Bitcoin ETFs have now recorded two consecutive days of net outflows, with most of the selling coming from BlackRock’s IBIT.

At the same time:

• Open interest is declining
• Funding remains neutral
• Spot demand is weakening

But I don't see this as panic.

It looks more like the market taking a breather after a strong move.

The next ETF flow report could be far more important.

If buyers return while leverage remains low, Bitcoin could be in a much healthier position for its next leg higher.

#SummerCreationCamp
#CLARITYActEntersFinalCriticalStage

BTC0.83%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
7
2
Share

Comment

Add a comment

VWAPBeliever

· 8h ago

I agree with this judgment—there’s no need to panic. It feels more like the main players are cleaning up floating profit. When the next ETF flow report comes out, if it turns positive, it’s likely to take off again.

View OriginalReply0

HoldLikeASong

· 15h ago

Funding rates are neutral+open interest is declining, a typical healthy correction. Now we just have to see whether ETF flows can come back in; if next week’s data improves, I will add to my position.

View OriginalReply0

MEV_Bystander

· 16h ago

BTC ETF demand cooling is actually a signal that short-term speculative positioning is ebbing; only if buy-side inflows return along with lower leverage will it be a real breakout.

View OriginalReply0

CWMiner

· 07-27 08:27

Is Blackstone leading the sell-off? Don’t panic—when institutions also rebalance, they need to look for the right timing. When liquidity conditions are neutral, it’s actually more suitable to initiate positions.

View OriginalReply0

KeyPillow

· 07-27 08:26

Continuous two days of net outflows sounds bearish, but the author says the market is catching its breath, and I think that makes sense—after all, it had been rising too fast before; taking a breather is healthier.

View OriginalReply0

YFeedHandler

· 07-27 08:24

Indeed, ETF fund flows are always a sentiment barometer. The net outflows over the past couple of days look scary, but in reality leverage hasn’t blown up—it’s more like a normal pullback after a strong run up.

View OriginalReply0

BlueMultisig

· 07-27 08:22

This view is quite interesting. While others panic and I get greedy, with leverage low and demand cooling off, it could actually be buildup before the next leg of the move.

View OriginalReply0

Trending Topics
View More
#
USD1StakingEarnUpTo8%APR
690.74K Popularity
#
GateCardUpTo8%Cashback
27.42K Popularity
#
SKHynixEarningsMissTriggerPostMarketDrop
893.16K Popularity
#
NFTSectorSurgesOver8%
14.33M Popularity
#
SECChairOptimisticOnCLARITYAct
2.27M Popularity

Pinned

Sitemap

$BTC ETF demand is starting to cool.

Trending Topics

USD1StakingEarnUpTo8%APR

GateCardUpTo8%Cashback

SKHynixEarningsMissTriggerPostMarketDrop

NFTSectorSurgesOver8%

SECChairOptimisticOnCLARITYAct

Pinned