Spot Bitcoin ETFs see $358M outflow: Are investors abandoning BTC?
Despite a $358M outflow from spot Bitcoin ETFs and a 31% drawdown, metrics suggest institutional investors are not abandoning Bitcoin.Summary
Spot Bitcoin ETFs experienced a significant $358 million net outflow on Monday, the largest in over three weeks, fueling speculation that institutional demand is softening after Bitcoin breached the $90,000 support level and pulled back 31% from its all-time high. However, analysis suggests this does not signal a trend change or investor abandonment. Factors like delayed interest rate cuts and the Fed's balance sheet reduction are cited as reasons for the recent pressure. Furthermore, Bitcoin's correlation with gold remains inconsistent, and its 31% price drop did not impact this metric, weakening the argument that institutional risk perception has shifted. Volatility metrics for Bitcoin options are currently comparable to major tech stocks like Nvidia, and overall data suggests it is premature to conclude that institutional money has left, especially as the effects of recent Fed liquidity injections have yet to be fully realized in the markets.
(Source：Cointelegraph)