etf

Solana (SOL) vừa ghi nhận một sự di chuyển mạnh 10%, lấy lại vùng $85–$86 sau khi bật lên từ mức thấp gần đây khoảng $75.
Nhưng đây không phải là một cú sốc ngẫu nhiên.
Sự di chuyển được hỗ trợ bởi việc thanh lý, dòng tiền ETF và cấu trúc thị trường đang cải thiện.
Hãy phân tích điều đó.
Điều gì đã kích hoạt sự tăng giá?
Hơn 15.4 triệu đô la trong các vụ thanh lý ngắn đã tác động đến thị trường trong 24 giờ.
Khi các vị thế bán bị buộc phải đóng, giá sẽ tăng tốc nhanh chóng.
Điều này đã tạo ra áp lực mạnh mẽ từ phía cầu và đẩy SOL vượt qua các vùng kháng cự chính.
Cùng một lúc:

Khát vọng của các tổ chức quay trở lại: Các quỹ ETF Crypto đã thấy hơn 630 triệu đô la trong tổng dòng tiền vào vào ngày 25 tháng 2
Cảnh quan tài sản kỹ thuật số đã chứng kiến một sự gia tăng đáng kể về nhu cầu của các tổ chức vào ngày 25 tháng 2 năm 2026, khi các quỹ ETF Bitcoin và Ethereum giao ngay đã thu hút tổng cộng hơn 630 triệu đô la Mỹ vào dòng tiền ròng. Sự bơm vốn khổng lồ này đánh dấu một bước ngoặt tiềm năng cho thị trường, vốn đã phải điều chỉnh trong suốt phần lớn tháng Hai với tình trạng rút vốn liên tục.
Theo dữ liệu từ SoSoValue, sự phục hồi cho thấy rằng các nhà đầu tư tổ chức đang chuyển từ tư thế phòng thủ “chờ và xem” sang tích lũy mạnh mẽ.

Bitcoin has staged an impressive comeback, rallying above $69,500 after bouncing from lows near $62,400 in less than 24 hours. The sharp recovery comes as US equities turned positive following improved policy clarity and strong corporate earnings, reigniting investor risk appetite across global markets.
With renewed ETF inflows and supportive macro signals, traders are now asking: Will Bitcoin reclaim $70,000 next?
Macro Sentiment Turns Supportive
Bitcoin’s rally coincided with a broader rebound in US financial markets. During his State of the Union address, President Donald Trump described the past 12 months as an “economic turnaround for the ages,” citing:
Falling mortgage rates
A 1.7% decline in core inflation over the last three months of 2025
Stabilizing economic indicators
Markets interpreted these remarks as a signal of reduced near-term policy uncertainty. As a result, risk assets—including stocks and cryptocurrencies—moved higher.
Improved macro clarity often boosts speculative assets like Bitcoin, and this time was no different.
Spot Bitcoin ETFs Flip Back to Inflows
Another key catalyst behind Bitcoin’s surge was the return of positive flows into US spot Bitcoin ETFs.
On February 24, spot Bitcoin ETFs recorded $257.7 million in net inflows, breaking a five-week streak of redemptions totaling $3.8 billion.
Major contributors included:
Fidelity: ~$83 million inflows
BlackRock’s iShares Bitcoin Trust: ~$79 million inflows
This “ETF flip” signals renewed institutional confidence, strengthening Bitcoin’s price foundation through spot-driven demand rather than speculative leverage.
Futures Data Signals Healthy Market Structure
Despite the strong price rebound, derivatives data shows a relatively stable setup:
Aggregated open interest stands around 235,167 BTC
Previously exceeded 240,000 BTC earlier in the week
Funding rates remain contained
The decline in open interest suggests that excessive leveraged positions were flushed out during recent volatility. This reduces the risk of cascading liquidations and indicates that the current move is largely driven by spot buying rather than overleveraged speculation.
In simple terms: the rally appears structurally healthier than previous spikes.
Is $70,000 the Next Target?
With Bitcoin trading above $69,000, the psychological $70,000 level is now within reach.
Key factors supporting a potential breakout:
Renewed ETF inflows
Stabilizing macro conditions
Reduced leverage in futures markets
Improved investor sentiment
However, traders should monitor:
ETF flow sustainability
US macroeconomic data releases
Any sudden shift in Federal Reserve policy tone
If inflows continue and risk appetite remains strong, bulls may attempt to challenge and reclaim $70,000 in the near term.
Final Thoughts
Bitcoin’s rapid recovery highlights the growing influence of institutional capital and macro sentiment on crypto markets. The combination of spot ETF inflows and reduced leverage creates a constructive backdrop.
While volatility remains part of the crypto landscape, the recent price action suggests that buyers are regaining control.
Now, all eyes are on the $70K level — a psychological barrier that could define Bitcoin’s next major move.
#bitcoin #BTC #BinanceSquare #writetoearn #etf

Mặc dù không có gì bí mật rằng đợt bán tháo là lớn, nhà phân tích ETF của Bloomberg, James Seyffart đã định lượng chính xác số lượng Bitcoin ETF mà các nhà đầu tư đã bán trong quý cuối cùng của năm ngoái.
"Các nhà đầu tư 13F đã làm gì với các bitcoin ETFs trong Q4?" Seyffart đã hỏi trong một bài đăng X vào thứ Ba. "Không có gì bất ngờ, họ là những người bán ... tổng thể, các nhà đầu tư 13F đã bán cổ phiếu ETF tương đương với ~25,000 bitcoin trong quý 4 năm 2025."
Đăng một đồ họa dữ liệu của Bloomberg cho thấy tất cả các loại nhà đầu tư bitcoin ETF khác nhau — Các cố vấn đầu tư và các nhà quản lý quỹ đầu cơ là hai danh mục lớn nhất theo khối lượng nắm giữ — Seyffart đã tiết lộ rằng trong quý cuối cùng của năm ngoái, 25,098 BTC trị giá cổ phiếu trong các quỹ giao dịch công khai đã được bán.

US spot $BTC ETF flows turned green on Tuesday, with Fidelity and BlackRock leading gains despite persistent weak market sentiment.
Flows into US spot Bitcoin exchange-traded funds turned positive Tuesday as the price of Bitcoin attempted a modest recovery to $65,000, snapping a run of daily redemptions.
Spot $BTC ETFs recorded $257.7 million in inflows, marking the largest daily total since early February.
The gains more than offset Monday’s outflows of $203.8 million, pushing weekly flows back into positive territory after five consecutive weeks of net redemptions totaling $3.8 billion.

Despite the rebound, broader market sentiment remains weak, with analysts estimating that roughly half of #bitcoin circulating supply is underwater, compounded by reports of heavy institutional selling in the fourth quarter of 2025.
Since the beginning of 2026, total assets under management in US spot #BTC ETFs have fallen 30.5%, dropping from about $117 billion to $81.3 billion.
Fidelity leads inflows, with BlackRock close behind
Fidelity Investments’ spot Bitcoin #etf , the Fidelity Wise Origin Bitcoin Fund (FBTC), led Tuesday’s gains with nearly $83 million in inflows, according to Farside data.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) followed closely, recording $79 million of inflows.

The cumulative net flows remained above $54 billion after peaking above $62 billion in October 2025, signaling that many investors continued to hold.
Institutions sold 25,000 BTC in Q4 2025
#Bloomberg ETF analyst James Seyffart reported Tuesday that institutional investors led by advisors and hedge funds sold a total of 25,000 $BTC in the fourth quarter of 2025.
The amount, worth roughly $1.6 billion at current prices, represents a small fraction of Bitcoin’s $1.3 trillion market capitalization. The institutions still hold about 311,700 BTC, according to Seyffart.

Multiple analysts also noted that nearly 9 million BTC, or 45% of all coins in circulation, is currently underwater, or worth less than what its holders paid for it.
Bitwise’s chief investment officer, Matt Hougan, said this reflects Bitcoin’s ongoing evolution from speculation toward maturity.
“You can’t jump from 100% to 0% speculation without moving through every stage in between,” he wrote on X Tuesday.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and you should conduct your own research when making a decision.
#bullishleo

The numbers from Q4 2025 are in, and on the surface, they look grim. Institutional heavyweights—hedge funds and investment advisors—unloaded approximately 25,000 BTC (worth $1.6 billion) from their ETF positions.
But before you let the "Smart Money is leaving" narrative take hold, let’s dig into the data. What looks like a capitulation might actually be a masterclass in portfolio management.
The Great Rebalance
According to Bloomberg analysis of SEC 13F filings, the selling coincided with Bitcoin’s correction from its dizzying highs of over $120,000 down to the $85,000 range. Brevan Howard led the pack, dumping over 17,000 BTC equivalent.
Why sell? When an asset rips to $120k, it bloats portfolio allocations. If a fund targets a 5% crypto allocation and $BTC doubles, they have to sell to manage risk.
This wasn’t a vote of no confidence; it was profit-taking at the top. 📉💰
The Dust Settles: Why the Bulls Are Still Here
Despite the $4 billion in total outflows over five weeks and a 20% year-to-date drop, the institutional war chest remains massive.
Assets Held: ETFs still command $85.3 billion in AUM (over 6% of the circulating supply).The Pivot: As of Feb 20, 2026, the tide turned. Inflows of $88 million hit funds like BlackRock’s IBIT and Fidelity’s FBTC.
The Takeaway
Institutions sold the rip at $120k and are now nibbling at the dip in the $64k–$67k range. This is how the big players operate: they don't panic sell; they rebalance.
The infrastructure isn't leaving. The money isn't gone. It’s just waiting for the next entry.
Are you following the headlines, or following the flows? 👀
#etf #InstitutionalMoney