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Bitcoin Spot Demand Crashes to $220M as ETF Inflows Decline 25% – Is the Bull Run Dead?

2025-08-06 15:21:30

Bitcoin Spot Demand Crashes to $220M as ETF Inflows Decline 25% – Is the Bull Run Dead?

Main Idea

Bitcoin spot demand and ETF inflows have significantly declined, sparking concerns about the bull run's sustainability, though some analysts argue the bull market is not over yet.

Key Points

1. Bitcoin spot demand crashed to -$220M, and ETF inflows declined by 25% to $269.4M, with over $800M in outflows.

2. Glassnode reported Bitcoin's RSI dropped to 35.8 (oversold zone), spot CVD fell to -$220M, and futures funding decreased by 33% week-over-week.

3. Crypto billionaire Arthur Hayes liquidated millions in ETH, ENA, and PEPE, shifting to USDC, signaling profit-taking by influential investors.

4. MEXC Chief Analyst Shawn Young argues the bull market is not over, citing historical cycles and a $100K Bitcoin floor, but notes a break above $116K is needed for new highs.

5. NoOnes CEO Ray Youssef states bull markets end when conviction collapses, not just due to price stagnation, and highlights improving regulatory clarity and infrastructure.

Description

Bitcoin’s recent price momentum has significantly weakened, with spot market demand plummeting from -$107.1M to -$220.0M. This dramatic shift resulted from mounting sell-side pressure and has sparked widespread concern among market participants about whether the crypto bull run is dead. The deteriorating liquidity conditions have also impacted the ETF market, which experienced a substantial 25% drop in record inflows to $269.4M, falling well below the lower threshold, according to Glassnode’s la...

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