Bitcoin ETF Net Inflow Surge While OTC Supply Runs Dry
Here’s a data point that reframes the entire Bitcoin narrative in early 2026: even as BTC bled more than 22% from its October 2025 record high near $126,200, institutional money never actually stopped moving in. The Bitcoin ETF net inflow story of late February 2026 is not a tale of triumphant price recovery — it’s something far more structurally significant. It’s the story of deep-pocketed buyers absorbing supply at depressed prices while macro forces outside the crypto ecosystem continue to dictate short-term price action. Understanding the divergence between on-chain capital flows and spot price is the single most important lens through which to read the Bitcoin market right now. Read more »