Bitcoin looked like it was stabilizing in April. ETF demand had turned positive again and we made the reasonable case that the worst of the correction was behind us. Then May happened. Over the course of the month, ETF flows reversed sharply. By month-end, Bitcoin ETFs were back to net outflows and Bitcoin itself had given back much of the progress made during the recovery. But was May simply a setback or the beginning of a much larger adjustment? Today we’ll use our ETF flows model to answer that question. First we’ll look at what happened during May. Then we’ll examine where ETF demand is likely heading next and what that implies for Bitcoin’s expected price range over the coming weeks. Let’s look at the data. Ecoinometrics delivers professional-grade crypto and macro analysis to help institutional investors and serious traders make data-driven decisions. Our team conducts rigorous quantitative research, developing proprietary metrics and institutional-quality visualizations that cut through the noise to reveal key market dynamics. Each newsletter provides clear, actionable insights backed by data, delivered in a concise format that respects your time - five minutes to absorb, but deep enough to inform your investment strategy. Join over 34,000 professional investors and fund managers: Ready? Let’s dig into the data. ETF Flows Point To Lower Bitcoin PricesThe Takeaway...Continue reading this post for free in the Substack app
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