Bitcoin ETFs just pulled $2 billion in 8 days while short-term holders quietly started selling

Spot bitcoin ETFs logged their first 8-day inflow streak since October, but on-chain profit-taking is already running at 3x the rate that has marked every local top this year. What to know : U.S. spot bitcoin ETFs have logged eight straight days of inflows totaling $2.1 billion through April 23, pushing cumulative net inflows since launch to $58 billion and total assets to $102 billion. Bitcoin has risen about 12 percent from $68,000 to $77,000 during this ETF buying streak, but it is approaching key on-chain levels around $78,100 and $80,100 that have previously marked local tops. Analysts warn that while the ETF bid is strong, it may be serving as exit liquidity for short-term holders, making bitcoin’s behavior around the $80,000 level a critical test of whether the rally can sustain or will be sold into again.