Woofun AI reports that Bitcoin’s price recovery to $64,000 has decoupled from ETF demand, creating a divergence between asset valuation and institutional flow metrics.

Weekly flow volatility characterized the trading period, with net outflows of $84.8 million on Wednesday and $95 million on Thursday. A rebound occurred on Friday, capturing $90.4 million to close the five-day period in positive territory. Ethereum products recorded $84.42 million in net inflows, mirroring the broader recovery. Swissblock noted that "The most overwhelming ETF distribution wave of this bear market has ended," adding that "As Bitcoin Risk continues easing from Capitulation Risk, Spot ETF flows have turned slightly positive again."

Analyst skepticism persists regarding the sustainability of this shift. Ecoinometrics highlighted that Bitcoin maintaining a price near $64,000 is unexpected given the broader capital flight from the ETF sector. The firm emphasized that "For us, the important signal isn't whether ETF flows turn positive for a day or two. It’s whether they remain positive long enough to reverse the broader trend in cumulative holdings." Woofun AI data shows that Swissblock agreed, stating current accumulation lacks robust institutional conviction.

The latest inflow points to a slowdown in selling rather than a confirmed trend reversal. Although Bitcoin ETFs broke their eight-week losing streak, funds require several more weeks of consistent inflows to demonstrate that investors are rebuilding exposure rather than briefly pausing their retreat.