Institutional Bitcoin Flows Turn to $8 Billion Net Outflow Over 30 Days, Limiting Upside
Summary
- BIT said institutional fund flows tied to Bitcoin turned into a net outflow of $8 billion over the past 30 days.
- BIT said buying would be hard to restart without a major bullish catalyst, and that upside potential currently appears limited.
- BIT said there may still be opportunities in short-volatility strategies in the current environment, though this was not investment advice.
Forecast Trend Report by Period
BIT said institutional fund flows tied to Bitcoin swung to a net outflow of $8 billion over the past 30 days, signaling that investors are reducing crypto exposure ahead of the seasonal summer trading slowdown.
On June 22, BIT, formerly Matrixport, wrote on X that combined flows across stablecoins, Strategy and spot Bitcoin exchange-traded funds posted a net outflow of $8 billion in the past 30 days.
The firm said the latest pattern differs from the fourth quarter of last year. At that time, inflows had merely stalled. Now, the flow picture has clearly turned negative.
"Without a major bullish catalyst, buying may struggle to resume," BIT said, pointing to a dovish Federal Reserve as one possible variable.
BIT also said Bitcoin's drop from $82,000 to $62,000 may be more significant than the earlier slide from $102,000 to $82,000.
It added that upside currently appears limited and that short-volatility strategies may still offer opportunities.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
