Glassnode and Fasanara Digital released their joint Q4 2026 Institutional Market Perspectives report that examines shifting crypto market structure and implications for institutional allocators.

According to @glassnode, the 30-day simple moving average of net flows into both Bitcoin and Ethereum ETFs turned negative in early November and has remained below zero, indicating muted participation and partial disengagement from institutional allocators (Source: Glassnode, Dec 23, 2025, glassno.de/4qipTdW). For traders, this sustained negative flow trend reinforces a broader liquidity contraction across the crypto market, highlighting weaker ETF demand as reported by Glassnode (Source: Glassnode, Dec 23, 2025, glassno.de/4qipTdW).