Analyst: Bitcoin institutional capital rotation is obvious, and institutional demand has not disappeared

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Deep Tide TechFlow News, May 25th, according to The Block reports, Bitcoin continued to stay below $78,000 on Monday, after spot Bitcoin ETFs experienced net outflows of $1.26 billion during the week of May 18th to 22nd, marking the second consecutive week of over $1 billion in redemptions. Despite this, BRN Research Director Timothy Misir stated that institutional demand has not disappeared but is rotating — during the same period, XRP ETFs attracted $22 million in inflows, Solana ETFs saw $16 million, the newly launched Hyperliquid HYPE ETF attracted $72 million, while Ethereum ETFs saw outflows of $216 million. Ethereum also faced pressure due to the SEC delaying plans for tokenized stock trading, but it slightly rebounded on Sunday following news of the Iran agreement.

In options, the largest open interest for Bitcoin expiring on May 29th is concentrated at $75,000 puts and $80,000 calls, while Ethereum options are concentrated at $2,100 puts. On the macro level, the US and European markets are closed for public holidays, and analysts warn that market liquidity is low; if the Iran agreement is implemented, it could trigger a sharp drop in oil prices and push stocks to new highs.

BTC1.25%
XRP0.66%
SOL0.66%
HYPE-2.23%
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