Bitcoin Selling Pressure Weakens as U.S. Spot ETFs Draw in $506M
Decrypt
by Akash GirimathFebruary 26, 2026
AI-Generated Deep Dive Summary
Bitcoin’s selling pressure has weakened, sparking a rally as U.S. spot ETF inflows hit $506 million, their highest level since February 2. The Coinbase premium index turned positive for the first time since mid-January, signaling potential institutional demand. While Bitcoin has gained nearly 4.4% over the past day to reach around $68,300, analysts caution that this does not necessarily indicate a trend reversal. The rally was bolstered by NVIDIA’s strong earnings report, which exceeded expectations and pushed the broader crypto market up 4.4% to $2.43 trillion.
The surge in ETF inflows suggests institutional interest is picking up again after a period of subdued activity. CryptoQuant data shows that Bitcoin spot demand has rebounded for the first time since late November, with on-chain outflows dropping by 25%. This shift could signal a strategic buying opportunity, as indicated by Lacie Zhang of Bitget Wallet, who highlights improved risk-reward ratios and potential market stability.
However, not all analysts are optimistic. Illia Otychenko from CEX.IO attributes the reduced selling pressure to cooling speculative activity rather than a fundamental demand shift. He notes that futures and spot volumes have declined significantly since early February 2026, leading to decreased forced selling
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Originally published on Decrypt on 2/26/2026