Bitcoin Unspent Realized Price Distribution Chart. Source: Glassnode

On the other hand, short-term BTC holders have undergone a reset. During the spot-ETF rally, STH supply in profit peaked at 100%, but BTC’s correction to $38,000 reduced its average to 57.5%.

Bitcoin ETF inflows soar

Meanwhile, spot Bitcoin ETFs witnessed high net inflows last week. According to Eric Balchunas, Bloomberg Senior ETF Analyst, the net cumulative flows for 10 ETFs reached over $3 billion. Additional data from a CoinShares report also highlighted that total crypto assets under management (AUM) reached $59 billion, the highest since 2022.

The strong Bitcoin ETF inflow has pushed the Coinbase premium index into a premium, indicating rising buying pressure on the exchange.

Bitcoin: Coinbase Premium Index. Source: CryptoQuant

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.