Bitcoin ETFs Don Post 4th $196M Outflow; Institutions Dey Buy BTC
Bitcoin ETFs don record net outflows for di fourth day straight on August 5, dem lose $196.2 million. Fidelity’s FBTC lead with $99.1 million wey dem withdraw, followed by BlackRock’s IBIT ($77.4 million) and Grayscale’s GBTC ($19.7 million). Even though ETF dem dey sell, institutional investors no waste time, dem buy the dip, adding about 630 BTC (around $70 million) same day, including UK-based Vaultz Capital wey buy 47.85 BTC. Bitcoin dey trade near $114,000 as press time be, down from im July peak of $123,100. Market analysts dey divided for short-term outlook: Fundstrat’s Tom Lee still dey hold $250,000 target for 2025, Bitwise’s Matt Hougan talk say 2026 breakout go happen because more people go dey use am, while Arthur Hayes dey warn say e fit drop to $100,000 because of macroeconomic wahala before e start rise again. Trading volatility fit increase because net outflows dey put pressure for sell, but ongoing institutional demand and long-term bullish sentiment fit show better buying opportunity. Traders suppose watch Bitcoin ETF flows, institutional buying data, and market indicators well for when to enter and exit.
Bearish
Di net outflow wey be $196 million comot from Bitcoin ETFs for four days straight show say selling pressure no dey stop, and e fit weigh down Bitcoin short-term price momentum. Even though institutional investors add like 630 BTC, the net ETF outflows still pass those buying, wey mean say overall demand no balance well. Plus market worry about big economic wahala and regulatory uncertainty fit make volatility high and prices go down for near time. But long-term bullish targets from big analysts mean say prices fit rise when selling slow down.