ChainCatcher News: Crypto market analyst Axel posted on social media that data from the past week reveals an increasing gap between institutional demand narratives and actual fund flows. ETF capital inflow momentum remains unstable, while exchange net flows continue to stay positive, with tokens flowing into rather than out of trading platforms. Over the past 7 days, the total net outflow of U.S. spot Bitcoin ETFs reached 11,042 BTC, with only two trading days showing net inflows.
On February 12, a single-day outflow of 6,120 BTC (approximately $416 million) marked the largest outflow day in this period. On February 17 and 18, consecutive trading days saw outflows of 1,520 and 1,980 BTC respectively, indicating that institutional accumulation momentum has yet to form. Meanwhile, supply on trading platforms has continued to increase, with net flows remaining positive since early February, ranging from +391 to +841 BTC over the past week. Today’s figure is +553 BTC, continuing a two-week trend of positive inflows. This contrasts sharply with January, when token outflows from exchanges were consistently negative.
Axel states that both key indicators point in the same direction: over the past week, ETF outflows totaled 11,042 BTC, while supply on trading platforms has continued to grow. Institutional demand has not only failed to absorb the new market supply but has also become an additional source of selling pressure. The establishment of an active accumulation trend requires at least three consecutive days of positive ETF net inflows and sustained negative net flows on trading platforms (indicating tokens are being withdrawn from exchanges for custody and accumulation). The ETF flow over the next 3 to 5 trading days will be a critical variable in determining market direction.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Drivechain Architect Paul Sztorc Unveils August Bitcoin Hard Fork With 1:1 BTC Coin Split
Bitcoin developer and Drivechain architect Paul Sztorc announced a new Bitcoin hard fork called eCash, set to launch this August, giving every BTC holder an equal number of eCash coins at the time of the split.
Key Takeaways:
Paul Sztorc announced eCash, a new Bitcoin hard fork dropping in Augus
Coinpedia8m ago
Hashrate Index: Brazil and Venezuela Show Potential to Grow Latam's Bitcoin Mining Share
A new report on the state of bitcoin mining in Latam found that the region is lagging in bitcoin mining adoption, even as it holds vast energy resources. While Paraguay holds the fourth place in global hashrate, Hashrate Index picked Brazil and Venezuela as the nations to follow.
Key Takeaways:
A
Coinpedia1h ago
Michael Saylor: Bitcoin’s winter is over; institutional and sovereign adoption could fuel the next uptrend
Gate News message, April 25 — Michael Saylor, co-founder of MicroStrategy, said "winter's over" as Bitcoin climbed to approximately $78,000, signaling a shift in market sentiment.
According to analyst Mati Greenspan, recent market moves since the flash crash have been corrections within a broader bull market, with Bitcoin's bottom now in place. Greenspan believes the next leg of gains will be driven by "sovereign adoption," including central banks adding BTC alongside gold to their reserves.
Governments and institutions are increasingly incorporating Bitcoin into their holdings. The U.S. government currently holds approximately 300,000 BTC and has discussed establishing a strategic Bitcoin reserve. El Salvador continues making daily purchases, while the U.K. government and several U.S. state pension funds have added Bitcoin to their asset allocations.
GateNews2h ago
Bitcoin Faces $1.315B in Short Liquidations Above $81,596; $1.168B in Long Liquidations Below $74,236
Gate News message, April 25 — According to Coinglass data, if Bitcoin breaks above $81,596, short positions across major CEXs would face cumulative liquidations of $1.315 billion. Conversely, if BTC falls below $74,236, long positions would encounter cumulative liquidations of $1.168
GateNews2h ago
Bitcoin Perpetual Futures and ETFs Function Like Traditional Commodity Rental Model, Says Peng Fu
Gate News message, April 25 — Peng Fu, newly appointed chief economist at XinHuo Group, outlined his analysis of Bitcoin's underlying business logic in a series of posts on X today. According to Fu, the commercial models of Bitcoin perpetual futures and ETFs are fundamentally identical to the
GateNews2h ago
