theKriptolik
While Spot Bitcoin ETF volume is dropping sharply, Spot Ethereum ETF volume remains stable.
ETF companies usually create the strongest buying pressure in the market. If the decline in Bitcoin ETF volume isn’t part of a strategic move, it suggests that ETF companies’ demand for Bitcoin is decreasing. When their demand drops, the buying pressure on the BTC order book weakens, which can lead to a price decline. Unless the decreasing demand for Bitcoin is offset by a rising interest in Ethereum, this is a negative signal for crypto investors. As seen in the chart, there’s no positive divergence in Ethereum’s volume either — and this indicates that things could take a turn for the worse in the short term.