Bitcoin ETFs Slump: Bears Eye $90K? 🚨

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Key Takeaways:

  • The slowdown in spot Bitcoin ETF flows signals weak institutional demand, hinting at a cooling bullish sentiment 🐺

  • $108,000 is a short-term target for the bears, with some BTC analysts predicting a drop to $90,000. (One wonders if they’ve ever heard of optimism. 🧠)

Bitcoin (BTC) sellers emerged again on Thursday as the drop to $111,000 sparked fears that a further correction toward $90,000 might be on the horizon. (A drama of epic proportions, truly.) 📉

Bitcoin ETF demand weakens

Institutional investors are reducing their exposure to spot Bitcoin exchange-traded funds (ETFs) following a recent weakness in BTC price. (How dare they!)

Inflows into the Bitcoin ETFs have cooled since the beginning of September. Net inflows fell 54% to $931.4 million last week from $2.03 billion the week prior, according to Glassnode’s latest Weekly Market Impulse report. (A 54% drop? How pedestrian!)

“While overall accumulation remains intact, the slowdown suggests a pause in institutional demand,” the onchain data provider said in an X post on Wednesday. (Ah, the institutional elite, so fickle!)

Such behavior stands out versus early September, when a steady price increase accompanied healthy ETF inflows. (A golden age, now lost to time.)

When the BTC/USD increased by 10% to almost $118,000 between Sept. 2 and Sept. 18, net inflows topped $2.9 billion over eight trading days, per data from Farside Investors. This included the largest daily net inflow in two months of over $741.1 million. (A time of abundance, now a distant memory.)

The spot taker CVD (Cumulative Volume Delta) indicator, which tracks the cumulative difference between market buys and sells over 90 days, has remained taker sell dominant since mid-August. (Retail traders, those valiant underdogs, continue to sell with relentless vigor.)

This means retail traders have been consistently selling BTC more than buying, reinforcing the risk-off behavior. (A tale of two markets: one of greed, one of fear.)

BTC could see a deeper correction heading into October if ETF flows remain cool and the spot taker CVD stays sell-dominant. (A gloomy prophecy, but who am I to question the oracle?)

Bitcoin price to see “deeper flush” to $90,000?

With demand waning, pessimism is mounting over BTC price strength. (Pessimism, that most reliable of companions.)

“Not much strength on $BTC after a strong day yesterday,” said MC Capital founder Michael van de Poppe in an X post on Thursday. (A man of few words, but many doubts.)

An accompanying chart showed that if Bitcoin loses the $112,000-$110,000 support zone, it could drop toward the $103,000-$100,000 demand zone, a good “area to start looking for buys.” (A buying opportunity? Or a trap for the foolish? 🐺)

“I would assume that we’ll be going to get some more downside and then we’re done for the current period, meaning that we’ll be in up-only mode.”

Meanwhile, fellow analyst AlphaBTC shared an hourly candle chart showing the BTC/USD pair trading in a descending parallel channel. (A chart so bleak, it could make a cloud weep.)

Bitcoin could drop toward the channel’s lower boundary around $108,000 if the support at $112,000 doesn’t hold. Lower than that, the price could see a “deeper flush” possibly toward the $105,000-$100,000 range. (A plunge into the abyss, no doubt.)

Additionally, BTC price has dropped below the 0.95 quantile cost basis at $115,300, signaling potential risk, according to Glassnode. The Cost Basis Quantile serves as a key metric for gauging market risk levels and potential price action zones for Bitcoin. 🧠

“Reclaiming it would signal renewed strength, but failure to do so risks a drift toward lower supports around $105K-$90K.”

#Bitcoin has slipped below the 0.95 Cost Basis Quantile, a key risk band that often marks profit-taking zones.

Reclaiming it would signal renewed strength, but failure to do so risks a drift toward lower supports around $105k-$90k.

🔗

– glassnode (@glassnode) September 24, 2025

As CryptoMoon reported, Bitcoin’s double top pattern also targets near $90,000 if support at $107,000 does not hold. (A double top? More like a double tragedy.)

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2025-09-25 16:45