On May 29, a total net outflow of $125 million was recorded from US spot Bitcoin ETFs. Thus, capital outflows from these products reached the tenth day in a row. During the same period, there was an outflow of $17.91 million in Ethereum ETFs, showing continued weak demand for fourteen consecutive trading days. Latest data has been interpreted as indicating that institutional investors’ interest in the digital asset market has decreased significantly in recent weeks.
Mobility and Price Effect in Institutional Funds
While fund inflows supported Bitcoin’s upward movement since the beginning of the year, the situation reversed as of May. Although the total managed assets of investment funds reached record levels for a while, these figures have decreased significantly due to the recent withdrawals. Particularly in May, there was a total monthly net outflow of approximately $2.43 billion from spot Bitcoin ETFs.
Analysts state that prices remain under pressure and that the contraction in funds along with these outflows creates a cautious atmosphere in the market. Graphs shared on social media revealed that the decrease in the amount of assets and the fluctuation in prices moved in parallel. While a similar trend is observed in Ethereum-based ETFs, consecutive outflows show that the reluctance on the institutional side continues.
According to analysis, a total net outflow of $125 million was seen from US spot Bitcoin ETFs in May, and capital leakage continued for the tenth consecutive day. Likewise, for Ethereum ETFs, the outflow streak reached fourteen days. This trend indicates that large investors are slowing down their asset purchases or even continuing to stay on the sell side.
This prominent trend points to a different investor behavior in the market compared to the past period. The year was started with large fund inflows, which had a positive impact on prices. In recent weeks, investors have started to follow a more cautious strategy.
The Role of Individual Investors Is Increasing
On days when institutional buyers retreated, market depth data shows that individual investors took active positions. In the current analysis published by Material Indicators, it was reported that small-scale investors made regular purchases despite difficult market conditions.
Liquidity maps on the exchanges show that the price is faced with intense sell orders in the range of $ 75,000-80,000; On the other hand, he pointed out that strong supports were formed at the $ 72,000-73,000 levels.
Mini dictionary: Material Indicators is a data analytics company that provides trend predictions by analyzing buy and sell orders in crypto markets. It tracks stock market order books in real time to monitor institutional and individual investor behavior simultaneously.
Order book and CVD (Cumulative Volume Delta) indicators revealed that traders trading in the $100-10,000 range increased their buying movement. Experts state that individual investors see the declines as an opportunity and continue to buy at these levels.
On the other hand, it was understood that investor groups that carried out larger-scale buying and selling transactions did not lose control and reduced their existing assets instead of taking new positions. A pause was noted in transactions between 100,000 and 10 million dollars, especially towards May 28.
This divergence indicates that ownership is changing hands in the market. While large investors maintain their hesitant attitude, it is stated that small and medium-sized investors are absorbing the current sales pressure. Under these conditions, price fluctuations are expected to continue within a narrow band unless new momentum is captured among a broad investor base.
