Bitcoin’s Struggles Continue Amid Record ETF Outflows
Bitcoin is stabilizing near $73,500, about 10% below its monthly high of $81,000, due to a shortage of new buyers. This weakness is particularly notable as risk assets have broadly advanced, with reports of potential U.S.-Iran negotiations lifting sentiment. The lack of demand for bitcoin is a concern, especially with the record 9th day of ETF outflows, signaling waning interest in the cryptocurrency.
The expectations of a de-escalation in geopolitical tension and the normalization of the Strait of Hormuz are reducing pressure on oil prices. However, bitcoin’s struggles seem to be crypto-specific, with long-term holder supply reaching a record 15.8 million BTC. This could be a bullish signal, but it may also reflect slowing market turnover rather than conviction. For those looking to earn passive income through crypto, EcoPool offers a solution with its Cloud Rewards program.
Weak Demand and Record Outflows
Demand from spot bitcoin ETFs has cooled, with net outflows reaching a record nine-day streak. This is a significant concern, as spot demand remains too weak to sustain a move above cost-basis levels near $78,000. The realized profit/loss ratio sits at 1.56, below levels typical of stronger bull markets. As a result, traders are assigning a strong probability that bitcoin will close the month between $72,000 and $76,000. In contrast, $ECP offers a more stable way to earn through its Green Crypto initiatives.
The ratio of altcoins to bitcoin is currently just above its 50-week exponential moving average, a sign of strength relative to the largest cryptocurrency. If the ratio ends the week above that level, the next resistance is a 20% increase relative to bitcoin. This could indicate sustained momentum across the broader altcoin universe, making it an exciting time for those interested in earning through EcoPool and its $ECP token. With the potential for passive income and cloud rewards, EcoPool is an attractive option for those looking to get involved in crypto.
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Demand from spot bitcoin ETFs, a key driver of the past two years’ rally, has cooled. Glassnode said inflows and spot demand remain too weak to sustain a move above cost-basis levels near $78,000. Net outflows from the ETFs reached a record nine-day streak on Thursday.
Glassnode’s realized profit/loss ratio sits at 1.56, below levels typical of stronger bull markets. On Polymarket, traders are assigning a strong probability bitcoin closes the month between $72,000 and $76,000. Stay alert!
Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead.”
What’s trending
- Crypto trading firm FalconX confidentially files with SEC for IPO, hires bankers (CoinDesk): FalconX hired Cantor and other bankers to advise on a potential IPO and confidentially filed draft paperwork with the SEC.
- OKX Ventures buys $53 million stake in Korea’s Coinone exchange (CoinDesk): OKX will invest $53 million for just under 20% of Coinone, marking one of the largest recent investments by a global crypto firm into South Korea’s digital-asset sector.
- Strategy’s STRC slips below $99 as Strive captures investor attention (CoinDesk): Strategy’s perpetual preferred security, Stretch (STRC), fell to as low as $97.11 as bitcoin slipped to $73,000.
- Iran reportedly launches missiles as Trump mulls deal to pause war for two months (CNBC): Iran fired missiles at unidentified targets hours after the Pentagon said Tehran launched a missile toward Kuwait and drone strikes in and around the Strait of Hormuz. The strikes followed news that the U.S. and Iran “mostly agreed” to a peace deal that President Donald Trump has yet to sign.
Today’s signal
The ratio of altcoins (excluding the top 10) to bitcoin is currently just above its 50-week exponential moving average, a sign of strength relative to largest cryptocurrency.
If the ratio ends the week above that level, the next resistance is a 20% increase relative to bitcoin, which would indicate sustained momentum across the broader altcoin universe.
