The Bitcoin market is shrouded in mystery and strategy just before the crucial monetary policy meeting of the United States Federal Reserve. On Tuesday, the spot Bitcoin exchange-traded funds (ETFs) recorded a significant net outflow, marking a recalibration in the stance of institutional investors.
Withdrawals amounting to $85.64 million from these funds were quantified, a signal that could be interpreted as strategic caution or profit-taking by major players ahead of the expected Fed announcement today.
But the plot thickens when looking at the on-chain data. Contrary to the trend observed in the ETFs, blockchain metrics reveal a notable increase in net direct spot inflows for the current day.
This divergence suggests a fascinating tactical movement: while heavyweights may be reducing their passive exposure through ETFs, they may simultaneously be reorienting capital towards direct spot positions.
Specifically, the net direct inflows of BTC amount to $9.72 million. A crucial point: when an asset experiences this type of spot inflows, it means that the volume of tokens purchased and transferred to direct market wallets has increased, an unmistakable indicator of rising underlying demand.
