Important collection restaurants
Bitcoin ETF inflow has been hit by $ 7.78 billion since 9 June, with ibit just attracting $ 416 million in one day. At the end of May, on the other hand, $ 1.3 billion in floating, which marked a clear divergence in the market structure.
Since June 9, Bitcoin [BTC] ETFs have gained $ 7.78 billion in net inflow (around $ 353.8 million a day) while BTC was pushed into the price -discovery mode mode.
What’s more impressive? Even after BTC had taped $ 120k and saw a sharp pullback of 1.7%, ETF flows Did not button. In fact, only that day, $ 403 million was still in the net, with BlackRock’s Ibit who grabbed a good $ 416 million in coarse inflow.
This is an important shift in the market structure of a historic lens. Compare it until the end of May when BTC tagged $ 111k and was immediately animated by almost 10% without ETF bid to dampen the fall.
Source: TradingView (BTC/USDT)
Instead, the risk-off sentiment took over.
About $ 1.3 billion bleed from Bitcoin ETFs between 29 May and 2 June. Even BlackRock’s IBIT saw its first net outflow in more than a month, with BTC to a low point of several months at $ 100,424.
Of course, it is too early to exclude a repeat scenario, because the volatility is still very involved. However, this is what is striking – IBIT now has more BTC than micro strategy, stacking 700K+ BTC in his treasury.
With that kind of weight behind it, is this cement the structural shift that we see?
Will Bitcoin ETFs become the new whale class?
Speculation that Bitcoin has been awarded is fed by clear signs of Vineverkoop.
When noted Due to cryptoquant, the Binance Whale Activity score jumped sharply after BTC’s recent peak. About 1,800 BTC were dropped off at Binance.
Data on the chain also seemed to support BTC’s LTH offer in just under three days with 75,000 BTC, which strengthened the idea that the fall in BTC was a well-timed strategic settlement by large players.
Source: Glassnode
Interesting is that this sales pressure coincided with almost $ 700 million in netto intake In Bitcoin ETFs, with only Ibit who entered nearly $ 800 million gross. That is more than 4x the estimated whale trade volume.
It is a clear sign that Bitcoin ETFs not only accumulate, but also suck up liquidity during important volatility windows.
This seemed to mark a structural divergence of earlier cycli-bike that risk managers and macro-oriented investors should look closely.