U.S. Bitcoin exchanges posted net inflows on Monday, ending a two-session outflow as Bitcoin climbed above $70,000 and investor demand returned to the largest cryptocurrency.
Spot Bitcoin (BTC) ETFs recorded $167 million in inflows on Monday, after nearly $577 million in outflows on Thursday and Friday, according to SoSoValue.
Demand in other crypto-related ETFs was weaker. According to CoinGecko, Altcoin funds experienced significant selling pressure, with outflows remaining in Ether (ETH), XRP (XRP), and Solana (SOL) ETFs, even as the underlying tokens gained 3-5% over the past 24 hours.
These gains came after US President Donald Trump told reporters on Monday that the war with Iran could end, reducing geopolitical fears and lowering oil prices.
Ether, XRP and Solana are now in a three-day breakout
According to SoSoValue, on Monday Ether, XRP and Solana ETFs lost a total of $51 million, $18 million and $2.5 million respectively. This marked a three-day breakout period in which Ether saw its largest cumulative loss at $225 million.
While ETH and SOL sales have declined over the past three trading sessions, XRP outflows have increased, reaching around $41 million as of Thursday. Solana’s withdrawal during the same period was about 16 million dollars.
related to: Crypto funds gain $619 million as markets firm despite oil and war fears
According to CoinGecko, the sideways trading of crypto ETFs came as analysts warned that it was too early to declare a structural bottom for Bitcoin, which was trading at $70,015 at the time of writing.
Analyst CryptoQuant IT pointed to a long-term Bitcoin holder to short-term profit margin ratio that reached 0.89, indicating that short-term holders are selling at a loss.
The data suggests that market pressure is increasing but has not yet reached the surrender level, which means that a clearer bottom is yet to come.
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