According to Cointelegraph, Bitcoin researcher Axel Adler Jr. noted that recent net inflows to exchanges totaled approximately 18,000 BTC, while spot ETFs saw net outflows of around 16,000 BTC, combining for roughly 34,000 BTC in selling pressure. Glassnode analyst cryptovizart stated that daily ETF trading volume has dropped from over $50 billion at the end of 2025 to under $20 billion, reflecting weakened speculative demand. Derivatives data shows Bitcoin open interest has declined from approximately 268,000 BTC to 250,000 BTC, with the recent rebound primarily driven by short covering. Analyst Rei Researcher pointed out that daily funding rates have remained negative since February 2026, indicating that shorts continue to pay longs for holding positions.
Bitcoin exchange net inflow of 18,000 BTC, spot ETF net outflow of 16,000 BTC
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ETF trading data shows a net inflow of 18,000 BTC to exchanges, while spot ETFs experienced a net outflow of 16,000 BTC, resulting in combined sell pressure of 34,000 BTC. ETF trading volume has declined below $200 billion, down from over $50 billion at the end of 2025. Bitcoin open interest has dropped to 250,000 BTC from 268,000 BTC. Spot grid strategy traders are observing that short covering has driven recent price movements, with daily funding rates remaining negative since February 2026.
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