Despite the ongoing inflow of funds into Bitcoin through ETFs and institutional purchases, the cryptocurrency's price is not showing the expected growth. Experts point to a combination of factors explaining the current situation.
Institutional Bitcoin Acquisitions via ETFs
Since the beginning of 2025, data shows that approximately 100,000 BTC has been acquired via ETFs. However, the lack of significant price growth raises questions. Experts note that not all ETF purchases are directly tied to institutional investments, as some come from affluent individuals and family offices. Nevertheless, these acquisitions contribute positively to the long-term balance of supply and demand.
Profit Sales and Supply Surplus
One reason for the absence of an upward trend in Bitcoin's price is the profit-taking by long-term investors. In the past three months, about 240,000 BTC have been sold by investors holding assets for 1 to 5 years. Such sales largely counteract the impact of institutional and ETF purchases. Additionally, miners introduce approximately 450 new BTC daily, further increasing supply.
Future Price Expectations
Recently, there has been a noticeable decrease in the selling velocity of long-term Bitcoin investors. Daily net sales dropping below 1,000 BTC are seen as a potential catalyst for future price increases. If institutional purchases continue and individual investor interest revives, this could lead to faster price growth.
> Bitcoin Magazine writer Matt Crosby states, “If long-term investor sales dwindle while institutional purchases endure, a new Bitcoin rally may emerge.”
In a context where the inflow of funds through ETFs and institutional purchases continues, the pressure on prices from long-term holders' sales and high open positions in derivatives markets limits short-term price spikes. However, if sales dwindle while demand grows, moderate price increases could be expected in the medium term.
