ETF Bitcoin Spot have just signed their second best historic week, with $ 3.24 billion in net entries. This spectacular revival of interest occurs in an even uncertain economic climate, but revives the hope of a dynamic fourth quarter for the Crypto market. Far from a simple start, these massive flows reflect a clear reversal of the feeling of institutional investors, at the edge of a month of October historically favorable to bitcoin.
In short
- ETF Bitcoin Spot recorded $ 3.24 billion in net entries in one week, their second best historical performance.
- This rebound comes after a week of massive outing and is explained by a brutal change in the feeling of investors.
- The prospect of a drop in rates by the Fed stimulates appetite for risky assets, from which Bitcoin benefits directly.
- Uptuber, a historically bullish month for the BTC, starts under good auspices with technical indicators in support.
Record entries and a brutal reversal of feeling
While many analysts predict a historic end of the year for the flagship asset, the ETF Bitcoin Spot listed in the United States recorded $ 3.24 billion in net entries last week, According to data compiled by Sosovalue.
This figure follows a previous week marked by withdrawals of $ 902 million, illustrating a brutal turnaround in flow dynamics. This is the second best week in terms of net entries since the launch of these products, just behind the 3.38 billion affected at the end of November 2024.
Iliya Kalchev, analyst at Nexo, explain This meteoric recovery by a change in mood of investors: “A new anticipation of lower interest rates in the United States has sparked a change of feeling, attracting renewed demand for Bitcoin ETF”.
This massive flow comes while Bitcoin evolves near key technical levels, where absorption by ETF is intensifying while the selling pressure of long -term holders fade. Kalchev stresses that this situation contributes to building a more solid base for the asset. According to its projections, if the current dynamics continue, the market could see:
- More than 100,000 BTCs withdrawn from traffic during the fourth quarter;
- Or more than double the volume of new BTCs issued via the mining process;
- A mechanical effect of rarity reinforced by the drop in floating offer;
- A stronger correlation between influx and action of BTC prices.
These elements reinforce the thesis that Bitcoin ETF has now become the main barometer of institutional feeling in the crypto sector.
Between bullish seasonality and macroeconomic expectations
Beyond raw figures, this upward dynamic is part of a general framework, that of Uptuber, a historically favorable month for Bitcoin. After Coinglass dataOctober displays an average monthly yields close to 20 %, placing it second in the best months for the BTC, behind November.
This well -known seasonality nourishes the optimism of analysts for an upward thrust at the start of the quarter, carried both by the entries in the ETF and by an economic situation perceived as more accommodating.
“Uptuber shows clear signs of break at the start of the fourth quarter, fueled by flows to ETFs, seasonal force and more flexible macroeconomic conditions”says Kalchev.
However, the momentum could be tempered by several determining events expected in the coming days. The speech of the president of the Fed, Jerome Powell, and the publication of the decisions of the last FOMC meeting, could change market expectations.
Added to this is an uncertainty linked to the publication of the monthly report on employment in the United States, which now depends on the duration of the current government shutdown. These elements weigh on short -term readability, and could, in one direction as in the other, strengthen or break the current momentum.
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