According to on-chain analytics firm Glassnode, Bitcoin ETF inflows have dropped sharply in recent days, casting doubt on the strength and sustainability of the current BTC rally.
After a strong performance earlier this month that pushed Bitcoin prices above $105,000, investor enthusiasm appears to be waning. Glassnode data shows a noticeable slowdown in ETF-related inflows — a key source of institutional demand. This decline suggests that major players may be pulling back, potentially signaling reduced confidence in short-term upside.
"The tapering of ETF inflows is often an early indicator of exhaustion in momentum-driven rallies," Glassnode noted in its latest weekly report.
This hesitation comes as Bitcoin struggles to maintain its position above key resistance levels around $104,000. Without renewed institutional buying, the price could slip back toward critical support in the $100,000–$102,000 range.
Market watchers now await confirmation: will buyers return, or is the recent surge a temporary top? Traders are advised to monitor ETF inflow metrics closely alongside price action in the coming days.
