Bitcoin Rally Stalls as ETF Flows Plateau, Yields Rise

Bitcoin’s price momentum in 2026 has slowed as cumulative ETF assets for the cryptocurrency have leveled off at roughly $55-$60 billion. Data from Ecoinometrics show that extended inflow streaks that supported rallies in 2025 have largely disappeared, replaced by shorter inflow runs and clustered withdrawals this year.

Ecoinometrics documented a 15-day inflow streak that delivered $4.4 billion in June 2025. In contrast, 2026 has seen shorter positive runs and episodes of concentrated outflows, including a spell in January with 10 consecutive days of withdrawals totaling about $3.2 billion. Cumulative Bitcoin ETF assets have remained in the $55-$60 billion range in 2026.

Inflows to gold ETFs fell nearly 25% in the first quarter of 2026, declining from about $60 billion to near $45 billion. That drop did not coincide with a measurable increase in Bitcoin ETF assets over the same period.

US Treasury yields have risen across maturities. The 10-year Treasury yield moved to about 4.3% from roughly 3.8% in October 2025, and the 30-year yield rose to near 4.9% from about 4.7% six months earlier. Ecoinometrics wrote, “As long as the bond market holds this view, Bitcoin is operating without a liquidity tailwind. And without that tailwind, sustained upside becomes much harder to build.”

Trading activity around resistance levels has limited upside moves. Market data show repeated tests of the $74,000-$75,000 area with long positions decreasing at price highs while short exposure grows. Profit-taking from long holders has been met by fresh short entries, a pattern highlighted on four-hour charts by trader Ardi.

Some capital-flow indicators have turned positive. Bitcoin analyst Willy Woo wrote on X, “Capital flows into BTC just flipped positive, first time since January. Liquidity is repairing… spot remains stable while derivatives after being destroyed 10 Oct is now making its second attempt at rebounding. 80k remains key test level.”

Spot Bitcoin ETFs introduced in 2025 attracted substantial capital that coincided with the market’s price moves that year. In 2026, the flow profile has changed and Treasury yields have increased, while ETF assets and trading positions have shown the patterns described above.