$516M in ETF Inflows Suggest Bitcoin Whales Haven’t Turned Bearish

[cryptoenthusiast]

While derivatives markets show reduced bullish leverage, spot demand tells a different story. US-listed Bitcoin ETFs recorded $516 million in net inflows since Friday, reversing a recent stretch of heavy outflows that totaled $2.2 billion between late January and early February.

Options markets briefly leaned heavily bearish, with the put-to-call ratio spiking to 3.1 before easing back to 1.7. However, strong ETF inflows indicate that institutional players may still be accumulating despite volatility. Rather than signaling a loss of confidence, the cooling derivatives activity may reflect short-term uncertainty — positioning the market for more sustainable upside once sentiment stabilizes.

[nihalsari]

me watching spot inflows vs derivatives leverage: ok so people are scared but smart money is calm