Bitcoin's ETF Inflows Plunge 92% Amid Whale Buying

Bitcoin’s recent market dynamics have shown a notable decline in spot ETF inflows, which has raised concerns about its impact on the cryptocurrency’s price. The inflows have dropped dramatically, from $3 billion to $228 million, indicating a significant shift in investor sentiment. Historically, robust ETF inflows have been a key driver of Bitcoin rallies, but recent trends suggest a more complex relationship between ETF activity and price movements.

For instance, during Q1 2024, high ETF inflows correlated with substantial price increases. From February 2 to March 15, 2024, Bitcoin experienced a 57% surge, which was closely linked to $11.39 billion in ETF inflows. However, the latest data shows that even significant inflows do not guarantee sustained price rallies. In Q2 2025, a 22% price increase occurred despite the recent downturn in inflows, suggesting that other market factors are influencing Bitcoin’s price dynamics.

Despite the decline in ETF inflows, there are signs of bullish sentiment among Bitcoin whales. According to COINOTAG, the current whale buying activity suggests that the market sentiment might not be as bearish as initial trends imply. This is supported by data from CryptoQuant, which indicates that whales are taking fewer profits compared to previous market peaks. Analyst Blitzz Trading noted that this significant reduction in profit-taking signals a possible continuation of the upward trend, as whales maintain confidence in Bitcoin’s potential for growth.

While Bitcoin is currently experiencing short-term selling pressure, analysts highlight that whale activity persists in the market. A negative Buy/Sell Pressure Delta indicates that some whales have begun offloading BTC, particularly within the $105,000 to $100,000 price range. This selling pressure contributes to current volatility, but long-term perspectives suggest a correction rather than a definitive market reversal. According to Alphractal’s CEO Joao Wedson, the market is likely to see a correction rather than a definitive reversal, indicating a cautious optimism among long-term investors.

In summary, while Bitcoin’s ETF inflows have significantly declined, indicating potential short-term bearish pressures, the sustained whale accumulation may underline a foundational strength in the market. Traders and investors should consider these dual narratives in their strategies, as the marketplace continues to adapt to new realities and potential shifts in investor sentiment. The interplay between ETF dynamics and whale behavior emphasizes the need for vigilance and adaptability in navigating the evolving market conditions.