CandleFocus

Bitcoin ETFs surpass $2.1b weekly inflows, whale accumulation mirrors 2020 rally

Author: Content Editor
Inflows into spot Bitcoin exchange-traded funds (ETFs) have surged by over 580% this week, with $2.13 billion entering 12 Bitcoin ETFs. This is the first time weekly inflows have exceeded $2 billion since 2024, and total net inflows have reached a record $20.94 billion. The strong demand for Bitcoin products suggests increasing interest from both retail and institutional investors. Analysts have also observed an accumulation pattern among whales, with the Bitcoin whale ratio on spot exchanges resembling the lead-up to the 2020 rally. This accumulation pattern, alongside potential catalysts such as the upcoming U.S. presidential elections, has led to optimism of a forthcoming price surge. Some analysts predict Bitcoin could reach new all-time highs, with one trader suggesting that a victory for Republican candidate Donald Trump could be the push BTC needs to hit new highs. Bitwise CIO Matt Hougan also anticipates Bitcoin reaching six figures due to institutional demand and macroeconomic factors. At press time, Bitcoin was trading at $68,280, up 8.5% over the past week.

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