CryptoQuant Founder: Bitcoin ETF Net Inflows Near Zero YTD, Market Sell Pressure May Have Been Largely Exhausted

According to TechFlow, on October 29, CryptoQuant founder Ki Young Ju said that year-to-date net inflows into Bitcoin ETFs have been close to zero, while the BTC price has fallen only about 7%. Given limited ETF demand, the price has remained relatively stable, suggesting that a large-scale sell-off by early holders or miners is unlikely and that some investors intending to sell may have already reduced their positions.

He expects Bitcoin's upward momentum to potentially resume after uncertainty related to the U.S. midterm elections subsides and ETF inflows return.

Source: TechFlow