Bitcoin Records Largest Short Position Amid $404.9M Crypto ETF Inflows
Alex Morgan
June 13, 2025
“Record shorts and massive ETF inflows highlight crypto’s evolving dynamics between traders and institutional investors.”
Overview: Shorts & Inflows
On June 13, 2025, on-chain analytics revealed Bitcoin’s short positions surged to an all-time high, coinciding with $164.6M inflows into Bitcoin ETFs and $240.3M into Ethereum ETFs, totaling $404.9M in daily spot demand.
Data shows over 100 whale addresses sold BTC—record weekly volume—while long-term holder balances continued to climb, indicating strategic accumulation by institutions despite short-term volatility.
Whale Activity
Large addresses divested BTC, driving short interest to new peaks. However, balanced netflows suggest traders are hedging positions rather than signaling outright bearish sentiment.
Derivatives metrics show elevated funding rates, indicating a shift in trader sentiment and the use of futures to leverage market movements.
ETF Inflows Impact
Record inflows into ETFs provided price support around $105K, offsetting some derivatives-driven selling pressure. Institutional interest remains strong as regulated products attract new capital.
Trading platforms reported a 15% surge in volumes, highlighting growing adoption of ETF vehicles for portfolio exposure.
Expert Take
“This dual trend underscores crypto’s maturation,” says Lily Liu, crypto strategist. “Institutions are hedging through futures while gaining spot exposure via ETFs.”
Michael Sonnenshein, CEO of Grayscale, notes, “Steady ETF inflows amidst record shorts highlight confidence in regulated offerings despite short-term volatility.”
Future Outlook
Traders will eye the U.S. CPI report on June 15 for cues on interest rates and market sentiment. A dovish outcome could boost demand, while higher inflation may trigger further shorting.
Potential ETF approvals in Europe and updates on on-chain metrics will shape the next phase of institutional adoption.