US spot Bitcoin ETFs recorded $167 million in net inflows on Monday, halting two consecutive days of outflows as Bitcoin’s price rose toward $70,000. Despite this recovery for Bitcoin products, other cryptocurrency ETFs faced continued selling pressure, with Ether, XRP, and Solana funds all extending their outflow streaks to three days. Market analysts caution that technical indicators, such as short-term holders selling at a loss, suggest underlying stress and that a definitive market bottom may not yet be established.
US spot Bitcoin exchange-traded funds posted net inflows on Monday, snapping a two-session stretch of outflows as Bitcoin rose toward $70,000. The funds recorded $167 million of inflows, following around $577 million in outflows on Thursday and Friday, according to SoSoValue data.
Demand was weaker across other crypto-linked ETFs. Altcoin funds experienced significant selling pressure, with outflows persisting across Ether, XRP and Solana ETFs even as the underlying tokens rose 3-5% over the past 24 hours, according to CoinGecko data.
Ether, XRP and Solana ETFs saw outflows totaling $51 million, $18 million and $2.5 million, respectively, on Monday. This marked a three-day outflow streak, with Ether seeing the largest cumulative losses at $225 million, according to SoSoValue.
The gains followed US President Donald Trump telling reporters on Monday that the war with Iran could be coming to an end, easing geopolitical fears. This development contributed to a decline in oil prices and coincided with the broader crypto market movement.
Analysts warned that it is still early to declare a structural bottom in Bitcoin, which traded at $70,015 at the time of writing, according to CoinGecko. An analyst from CryptoQuant cited the Bitcoin long-term holder to short-term holder spent output profit ratio, which hit 0.89, showing short-term holders selling at a loss.
The data suggests market stress is building but has not yet reached capitulation levels. This means a clearer bottom for Bitcoin may still be ahead.
