Bitfinex Report: ETF Outflows and Whale Selling Pressure Bitcoin, $53K Key Support Level

According to a Bitfinex Alpha report, the Bitcoin market remains in a high time-cycle downtrend due to weak inflows into spot Bitcoin ETFs and persistent selling by large holders. While Bitcoin has seen a 20% rebound from its February 5th low, a confirmed bottom has not yet been established.

US spot Bitcoin ETFs have experienced a net outflow of $2.6 billion year-to-date, with institutional investors' "ETF weakness" exacerbating selling pressure. On-chain data reveals that approximately 64% of current exchange inflows originate from large holders, or "whales," marking a new high since October 2015.

Furthermore, influenced by US tariff policies and macroeconomic uncertainties, options traders are once again pricing in downside risk, indicating a cautious market sentiment.

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