The post Bitcoin Spot ETF Flows and its latest decoupling – Time to watch out? appeared on BitcoinEthereumNews.com.

Bitcoin Spot ETFs appear to be losing their influence across the market Bitcoin could lend itself to short-term downside in the second half of this week Bitcoin just recorded the first positive Spot ETF flows on Wednesday after noting consistent outflows since 8 January. However, the latest ETF flows revealed some other interesting findings about their impact too. Bitcoin’s price action, for the most part, has moved in tandem with Spot ETF flows. However, that has not been the case lately. For example – BTC pulled off a 12.81% uptick from its lowest price point earlier this week to hit a local high of $100,175 on Wednesday. Meanwhile, Bitcoin Spot ETFs saw only negative flows for a week prior to Wednesday. Simply put, Bitcoin managed to pull off the rally this week, despite Spot ETF outflows. This highlighted a sort of decoupling, one which may also play out for the rest of the week. Source: Farside.co.ke On 15 January, however, Bitcoin Spot ETF flows recorded $755.1 million worth of inflows. This marked the third highest daily flows recorded so far this month. Worth pointing out though that despite these findings, the last 24 hours did see BTC fall slightly with losses of just over 1.5% on the charts. Bitcoin maintains focus on short term wedge pattern amid subdued activity At the time of writing, Bitcoin was trading at $99,236. Additionally, more downside on the charts seemed like a genuine possibility. Source: TradingView The reason for the potential downside is that Bitcoin’s latest price uptick retested a descending resistance line. It also demonstrated some sell pressure in the last 24 hours – A sign that the resistance level was still strong. Additionally, on-chain data revealed that BTC has been seeing outflows in the spot segment. In fact, the cryptocurrency had $156.01…

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Filed under: News - @ January 17, 2025 8:21 am