Spot Bitcoin exchange-traded funds (ETFs) recorded a sharp 61% decline in net inflows, falling to $165 million from the previous $435 million. This slowdown coincided with Bitcoin facing significant price resistance near the $110,000 threshold.
BlackRock’s IBIT ETF dominated inflows with $131.01 million, followed by VanEck’s HODL ETF adding $15.39 million. These figures indicate sustained institutional interest despite the overall market pullback.
Bitcoin’s price consolidated around $107,939 as derivatives markets flashed bullish signals. Key indicators included a positive funding rate of 0.0062% and heightened demand for call options, reflecting trader optimism about potential upside.
The $110,000 resistance level triggered profit-taking in spot markets, yet derivatives traders maintained confidence in a possible breakout. Market participants are closely monitoring Bitcoin’s price action and derivatives metrics for signs of renewed upward momentum.