Bitcoin spot ETF anticipation fuels the largest inflow into crypto funds in two years, according to CoinShares. At the same time, the inactive Bitcoin supply is reaching new highs, with an unprecedented 70.35% of Bitcoin’s circulating supply has been dormant for at least a year; meanwhile, 87% of BTC is in profit (even though the price is almost 50% off the highs).

TradFi bets big on Bitcoin ahead of spot ETF, which is evident, in particular, in the derivatives data and the proxies accessible to institutional investors.


CoinShares reports that digital asset investment products saw a record $346 million inflow over the past nine weeks, the highest since late 2021. People are now guessing at the first rate cut by the Fed. The report also highlights a shift in investor sentiment, with Ethereum attracting $34 million last week, reversing its previous outflows.

An interesting aspect of the Bitcoin market is that nearly 87% of BTC is currently profitable, yet Bitcoin’s value is only 54% of its all-time high. Intuitively, it might feel strange because a relatively small number of us are overall profitable on Bitcoin positions.


This can be attributed to the fact that most Bitcoin buying happens during brief periods of rapid price increases, and it takes years for these peaks to be reached again. Also, the distribution of Bitcoin ownership is highly uneven, with a few early ‘whales’ holding much more than the smaller ‘shrimp’ investors.

And these whales seem to be in no rush to sell their coins. An unprecedented 13.65 million Bitcoin, amounting to 70.35% of the total circulating supply, has not been transacted or moved for over a year, marking a new all-time high.

Source: Bitfinex Alpha report

Bitcoin is a land of opportunity, with or without volatility.

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MetaTalks disclaims responsibility for any investment advice that may be contained in this article. All judgments expressed are solely the personal opinions of the author and the respondents. Any actions related to investing and trading in crypto markets involve the risk of losing funds. Based on the data provided, you make investment decisions in a balanced, responsible manner and at your own risk.