Bitcoin exhibited short-term growth, but a long-term downward trend remains. Decreased ETF demand has reduced institutional inflows.
Current state of the Bitcoin market
Bitcoin rose by 4.40% to $93,321, but the overall trend remains downward with a descending channel pattern. The market structure lacks urgency, impacting institutional demand.
Decline in Bitcoin spot ETF inflows
Julio Moreno from CryptoQuant noted that spot Bitcoin ETF demand has halved in Q1 2025 compared to 2024, with inflows dropping from around 100,000 BTC to 41,000 BTC. In dollar terms, the difference is minimal: $4.8 billion in 2024 versus $4.3 billion in 2025.
Bitcoin continues to trend below $98K
Low volatility has led to sideways movement with Bitcoin struggling to break above $98,000. Analysts believe Bitcoin is on the brink of a potential breakout, which could induce new volatility.
The Bitcoin market is in a state of uncertainty with decreasing spot ETF demand. Price recovery might commence with a daily close above $98,000.