Bitfinex Report: ETF Fund Flows Will Be a Key Variable in Bitcoin's Future Price Trends

Bitfinex Alpha's latest report supports that the current Bitcoin trend is under dual pressure from weakening demand and a deteriorating macro environment, with the market's future direction gradually being dominated by ETF fund flows.

Currently, after failing to break through the range high, Bitcoin has retreated to near the monthly opening level. The recent rise has been driven more by short liquidations rather than support from spot buying, reflecting insufficient upward momentum. At the same time, there has been a significant change in institutional funds, with continuous net outflows from Bitcoin ETFs indicating that the market is actively de-risking, and the capacity to absorb funds has significantly slowed, further suppressing price performance.