Bitcoin Demand Revives with $523M ETF Inflows and Liquidity Pivot
Bitcoin Demand has revived as spot ETF inflows hit $523 million, driving a net positive demand metric of 5,252 BTC over 30 days. Bitcoin bounced off early lows, lifting altcoins like Ethereum, XRP and Solana. Liquidity shifted from privacy-focused tokens into small-cap projects ASTER, RENDER, SKY and MNT, each up roughly 7%.
Net inflows into U.S.-listed Bitcoin spot ETFs reached their highest in over a month, signalling renewed demand. However, derivatives funding rates on platforms such as Deribit remain muted, while stablecoin lending rates on Aave suggest cautious risk appetite.
The Senate’s stopgap funding bill removes immediate shutdown risk but leaves broader fiscal gridlock unresolved. Private data releases from ADP and NFIB point to softer labour conditions, reinforcing the Fed’s “easing with caution” stance ahead of December’s FOMC meeting. Meanwhile, a jump in Treasury volatility has stalled gold’s rally, typically weighing on crypto markets.
Bullish
The surge in Bitcoin Demand, highlighted by a 5,252 BTC net metric and $523 million daily spot ETF inflows, points to renewed accumulation and risk-on sentiment. Liquidity shifting into small-cap alts further supports market breadth. While derivatives funding and macro uncertainty remain cautious, the overall demand rebound mirrors past ETF inflow rallies that drove sustained price gains. In the short term, boosted demand may spur another leg up; long term, growing institutional interest underpins a bullish outlook.