Glassnode: Institutional enthusiasm for Bitcoin purchases is cooling, with the average net inflow of spot ETFs turning negative for 7 consecutive days

Glassnode released an analysis stating that the 7-day simple moving average net inflow (7D-SMA) of the U.S. spot Bitcoin ETF turned negative since the beginning of last week, recently recording a net outflow of 200 to 500 BTC daily.

Although the scale of outflow is not large, its persistence is a more subtle signal indicating that institutional buying willingness and demand confidence remain relatively hesitant at the current Bitcoin price level.