Institutional appetite rebounds as “smart money” traders turn net long on Bitcoin
ETF inflows signal renewed investor confidence
After weeks of caution, Bitcoin exchange-traded funds (ETFs) are showing strong signs of recovery. On Tuesday, U.S. spot Bitcoin ETFs recorded a combined $524 million in net inflows, the highest single-day total since October 7, according to data from Farside Investors.
The surge in ETF investments marks a sharp turnaround from the post-crash outflows seen in early October, when risk sentiment across crypto markets fell dramatically. Analysts say the latest inflows could reflect renewed institutional demand and a return of market confidence following the U.S. government’s progress on avoiding a shutdown.
“ETF inflows and Michael Saylor’s accumulation strategy have been the two primary demand drivers for Bitcoin this year,” said Ki Young Ju, CEO of CryptoQuant.
Bitcoin ETF Flows, US dollars (in millions).
Smart money goes long — cautiously
Blockchain intelligence data from Nansen shows that “smart money” traders — a cohort of consistently profitable on-chain addresses — have added more than $8.5 million in net long positions on Bitcoin perpetual futures in the last 24 hours.
Smart money traders top perpetual futures positions on Hyperliquid.
This shift suggests growing short-term optimism, though these traders still remain net short by about $202 million on the decentralized exchange Hyperliquid, indicating that caution persists despite improving sentiment.
Macro factors and CPI data in focus
The market’s turnaround coincides with U.S. Senate approval of a funding package aimed at preventing a government shutdown. The measure is now awaiting a House vote, which investors expect will help stabilize risk sentiment and boost liquidity appetite.
Lacie Zhang, research analyst at Bitget Wallet, said the ongoing correction remains “healthy”:
“This pullback is helping reset leverage and paving the way for renewed institutional entry,” Zhang explained. “All eyes are now on the Nov. 13 CPI print. Softer inflation could trigger a liquidity-driven rebound.”
ETF market divergence: Bitcoin up, Ether down
While Bitcoin ETFs enjoyed strong inflows, Ether (ETH) ETFs saw $107 million in outflows on the same day. Meanwhile, Solana (SOL) ETFs continued their 11-day streak of positive inflows, adding $8 million.
According to Glassnode, Bitcoin ETFs had experienced daily outflows of up to $700 million since the October crash — a “broad de-risking phase” among investors. Tuesday’s rebound may signal that institutional demand is returning and that ETF redemptions have bottomed out.
Since early October, U.S. Bitcoin ETFs have shown signs of weakness, with a few positive days, but mostly net outflows reaching up to -$700M per day. This trend points to a broader de-risking phase among ETF investors. 📉https://t.co/BIeP5pVLcmhttps://t.co/yikswnnfPWpic.twitter.com/x0aUHYaxSa
With Bitcoin trading around $104,700, rising ETF inflows and renewed long positions among top traders suggest the worst of October’s de-risking may be over. If macro conditions — particularly inflation and liquidity trends — remain supportive, analysts believe a new institutional accumulation phase could be underway.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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