CryptoQuant Founder: Bitcoin ETF Net Inflows Near Zero This Year, Market Selling Pressure May Have Already Been Largely Exhausted

According to TechFlow, on October 29, CryptoQuant founder Ki Young Ju noted that year-to-date net inflows into Bitcoin ETFs have been near zero, with BTC prices declining by only approximately 7%. Given limited ETF demand, the sustained price stability implies a low likelihood of large-scale liquidations by early holders or miners, suggesting that some investors planning to sell may have already finished reducing their positions.

He anticipates that Bitcoin’s upward momentum could recover once uncertainties surrounding the US midterm elections dissipate and ETF funds flow back in.