Bitcoin ETPs: $40B Inflows Linked to 100% Gains
André Dragosch estimates that a $40 billion net inflow into global bitcoin ETPs has historically aligned with roughly 100% performance, while noting ongoing capital rotation potential from semiconductor ETFs amid AI trade consolidation.
SourceAnalysis
Bitcoin ETPs have drawn more capital than gold ETPs this year, with André Dragosch estimating that +$40B net inflows have historically coincided with approximately +100% performance.
Bitcoin ETPs continue to attract flows while significant rotation potential remains from global semiconductor ETFs if the AI trade consolidates further, potentially releasing another ~$40B.
Price action on the 4h chart shows BTC at $82972.54 inside a bearish trend structure with EMA50 at $83448.42 acting as immediate resistance and EMA200 at $82332.65 providing longer-term support; RSI at 46.58 remains neutral while MACD registers a bullish golden cross at 14.73, and price sits between Bollinger bands with upper resistance at $84338.89 and lower support at $82377.66, suggesting a test of the upper band could precede a retracement toward the 50-EMA before any sustained continuation.
André Dragosch, PhD | Bitcoin & Macro
@Andre_DragoschEuropean Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.