Bitcoin ETFs See Renewed Inflows as Institutional Selling Slows
US spot Bitcoin ETFs showed signs of stabilization as net inflows resumed late last week and continued into Monday, drawing about $371m on Friday and $145m on Monday while BTC traded near $70,000. These inflows have not yet offset earlier redemptions — roughly $1.9bn year-to-date — but analysts and fund data point to a meaningful slowdown in outflows: CoinShares reported crypto fund outflows narrowed to $187m, while SoSoValue noted $144.9m of ETF inflows on Feb. 9. Institutional accumulation was visible elsewhere: Binance SAFU Fund bought 4,225 BTC (~$300m), lifting its holdings to about 10,455 BTC (~$734m). Spot altcoin ETFs saw modest demand, with Ethereum and XRP products attracting roughly $57m and $6.3m respectively. Technicals cited in reports showed BTC trading around $68.8k–$69.2k with oversold RSI (~32), bearish Supertrend and key support near $68.2k and $62.9k; resistance sits near $71.9k. Market commentary from Bernstein and Bitwise framed the pullback as profit-taking rather than a loss of conviction, suggesting long-term holders remain largely committed. Key takeaways for traders: monitor daily ETF flow data and price action around the $70,000 level, watch for continued deceleration in redemptions as a potential momentum shift, and treat current selling as likely profit-taking — implying higher sensitivity to macro headlines and institutional positioning in the near term.
Bullish
Renewed net inflows into US spot Bitcoin ETFs, combined with a marked slowdown in overall crypto fund outflows, constitute a constructive development for BTC price action. Institutional accumulation (for example Binance SAFU’s sizeable BTC purchase) and inflows into spot altcoin ETFs (ETH, XRP) signal returning demand. Although YTD redemptions (~$1.9bn) and bearish technical indicators (oversold RSI, bearish Supertrend) warrant caution, the balance of evidence points to short-term stabilization and increased probability of a move back above $70,000 if inflows continue. For traders, this implies a bullish tilt for Bitcoin’s price: monitor ETF flow data, institutional buying, and price reaction around $70k. Short-term volatility may persist due to profit-taking and macro sensitivity, but continued deceleration in outflows would support a positive price trend over weeks to months.