Bitcoin’s ETF Inflows Quadruple: Why Does BTC Still Feel Like a Lead Balloon?

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Key Takeaways 

What’s next for Bitcoin post-Fed rate drama? 

Analysts were about as divided as a pineapple pizza debate; some see a shiny rally shoutin’ “$160K!”, while others warn it’s all just wishful thinking and macro-messy data. Quite the coin flip! 🎲

Can BTC ETF inflows kickstart the comeback, or is it just the tail wagging the dog? 

Could be, if the demand train picks up steam; Glassnode’s whispering sweet nothings about rising demand might just be music to some traders’ ears. 🎶

Bitcoin [BTC], that elusive digital gold-or maybe just digital duct tape-climbed out of its October 10th tantrum, sluggishly but surely. Part of the rebound was fueled by macro-economics doing a little dance, plus those oh-so-glamorous institutions jumping back into the crypto pool. 🏊‍♂️

Over the past four trading days, spot Bitcoin ETFs have been on a demand spree-nearly like coin fans at a charity auction-adding over $460 million in just a few days. Neat, eh? 🤓

Yet, despite the influx of ETF love, BTC just wouldn’t bother spilling past $117K. Looks like the sluggish recovery has more in common with a lazy Sunday than a sprint, according to Glassnode. Their latest analysis suggests, “Demand is recovering, but not exactly taking a victory lap.”

“Inflows remain <1k BTC/day, quite a bit less than the >2.5k BTC/day that powered previous rallies. The demand’s trying, but it’s not exactly knocking down the door of greatness.”

But wait, there’s more! Even with the demand struggling like a tourist in a maze, the big fish are still cashing out. The long-term holders-those who’ve kept BTC tucked away for over half a year-are offloading over 325K of their prized digital coins, a move that’s worth $35 billion at average prices. So much for HODLing, eh? 🧓💸

CryptoQuant’s analyst, JA Marrtunn, noted this was the most dramatic “monthly drawdown since July 2025”-which sounds like a record nobody really wants to set. The macro stars, however, are aligning nicely, with whispers of Fed easing and QT wrapping up, promising liquidity vials for those hunting for a rally. 💼📈

Jousting opinions on whether the Fed’s going to make it rain or just rain on our parade

Even the oracle-in-chief, Tom Lee of Fundstrat, sees the Fed decision as a potential catalyst to catapult BTC as high as $160K-a number so ambitious it might be mistaken for a holiday gift list. 🎅

Meanwhile, QCP Capital from Singapore-the David to the crypto Goliaths-warns that the Fed’s got no real data and might just be bluffing. Their “non-event” declaration suggests we could be in for a quiet storm, with distressed digital assets possibly forcing preset sell-offs, adding more chaos to what’s already a thin market. 🌪️

“Persistent discounts could force DATs into buybacks-funded by asset sales-potentially unleashing another wave of supply, which is like throwing more logs on an already flaming market bonfire.”

And just to keep things lively, trader Cryp Nuevo predicts BTC might stumble back to around $111K-$112K before doing a victory lap again. Looks like the crypto rollercoaster’s far from over! 🎢

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2025-10-29 17:16