Bloomberg analyst: Bitcoin ETF inflows signal recovery, not a leading price indicator
- —Seyffart: inflows returned after June–July outflows, with nearly $1 billion in a single day
- —Average ETF holder cost basis is around $82,000, a level that may act as resistance
- —Cumulative ETF inflows: $64 billion at peak, $53 billion after outflows, now $56–57 billion
- —Retail makes up 70–75% of ETF holders; early-2026 selling came mainly from hedge funds
Why it matters: Renewed institutional demand via ETFs supports Bitcoin, but the analyst warns flows lag price rather than forecast it.
Source: TokenPost