CryptoQuant’s CEO says Bitcoin is no longer seeing capital inflows.

crypthub

about 23 hours ago

Capital Inflows and Market Dynamics

Bitcoin’s capital inflows have vanished, leaving the price hovering around $94,000. Diversified liquidity channels and large institutional treasuries, such as MicroStrategy’s 673,000 BTC, have broken the traditional whale‑retail sell cycle. Capital has shifted toward stocks and precious metals, prompting analysts to expect prolonged sideways action rather than sharp declines.

Whale and Retail Participation

Whale exchange activity remains low despite recent price rebounds, contrary to historic patterns where large holders flooded exchanges before selling. Retail demand is also deeply negative, keeping the broader crowd out of the market. The combination creates a “structurally healthy” but hesitant environment with little distribution pressure.

On‑Chain and Derivatives Signals

Realized profit per day dropped sharply, signaling reduced selling pressure. Spot ETF inflows have returned and futures open interest has stabilized, while a major options‑open‑interest reset cleared over 45 % of positions, offering a cleaner sentiment read. Dealer gamma now sits short between $95,000 and $104,000, and corporate treasuries provide temporary price support.

Future Outlook

Some analysts forecast capital will flow back from gold and silver, targeting $130,000 for Bitcoin in early 2026. Others warn of a possible $60,000 floor, citing past bearish cycles. A long‑term view likens Bitcoin to aging whiskey, urging investors to hold for many years rather than chase short‑term moves.