Bitfinex: ETF outflows and large holder sell-offs put pressure on Bitcoin, with $53,000 potentially being a key support level
According to the Bitfinex Alpha report, the Bitcoin market remains in a high time frame downtrend due to weak inflows from Bitcoin spot ETFs and continued selling by large holders.
The report notes that although Bitcoin has rebounded 20% from its low on February 5, it has not yet confirmed a bottom. So far this year, the U.S. Bitcoin spot ETFs have seen a cumulative net outflow of $2.6 billion, and the "ETF fatigue" among institutional investors has intensified selling pressure. On-chain data shows that approximately 64% of the inflow funds to exchanges currently come from large holders (whales), marking the highest ratio since October 2015.
Additionally, affected by U.S. tariff policies and macroeconomic uncertainty, options traders are once again paying a premium for downside risk, leading to a cautious market sentiment. Currently, the realized price of $53,000 is seen as a key support level for the mid-term market.
You may also like

Nasdaq Enters Correction Territory | Rewire News Morning Brief

OpenAI loses to Thousnad-Question, unable to grow a checkout counter in the chatbox

One-Year Valuation Surged 140%, Who Is Signing the Check for Defense AI?

Bittensor vs. Virtuals: Two Distinct AI Flywheel Mechanisms

Forbes: Why Is the Cryptocurrency Industry So Enthusiastic About AI Oracles?

Ethereum Foundation publishes: Restructuring the division of labor between L1 and L2, jointly building the ultimate Ethereum ecosystem

Morning Report | Startale completes $63 million Series A financing; STS Digital launches structured cryptocurrency platform; Polymarket will charge a taker fee on almost all trading categories

The most important thing in Web3 primary market investment

The strategic focus of cryptocurrency in reconstructing the international monetary system and the Chinese solution

Musk Poached Aave App's Web3 Prodigy

The Petro Order is Cracking. What Comes Next for the Middle East?

ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?

Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry

Bitpanda, Vision Web3 Foundation, and Optimism Partner to Onboard European Financial Institutions to the Global Blockchain Economy

What will the early Hyperliquid prediction market look like?

Overseas VC's Two-Week Trip to China AI Leaves Them in Awe of Shenzhen Hardware

Was CZ Also Rug Pulled? BNB Treasury CEA Industries Control Battle

