As Bitcoin (CRYPTO: BTC) plunges below $60,000 on Wednesday, K33 Research reports that investment vehicles posted their first negative one-year flow reading since November 2023—a signal that preceded a market bottom the last time it appeared.
The Same Signal Flashed Right Before The 2022 Bottom
K33 Head of Research Vetle Lunde tracked rolling one-year notional flows across Bitcoin ETPs, futures ETFs, and related vehicles at -1,176 BTC as of June 18.
The only other time this metric went negative was October 21, 2022, just weeks before Bitcoin found its cycle low and roughly a year before flows turned positive again.
Lunde cautioned the comparison isn’t perfect.
