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Apr 26, 2026
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BULLISH 📈 : Bitcoin spot ETFs add $1B weekly, shorts face squeeze risk

XWIN flags split: Bitcoin spot demand up, derivatives turn short

Bitcoin spot ETF inflows stay strong since late February, while funding turns negative in derivatives. XWIN Research Japan says this divergence could set up a short squeeze.

  • Spot ETFs added roughly $1B per week since late February, including a nine-day positive streak XWIN on CryptoQuant
  • Inflows extended into April, with about $14.45M net on Friday; Ethereum ETFs saw ~$23.38M the same day source
  • Coinbase Premium Index stayed positive, signaling sustained US institutional bid source
  • Funding rates remain negative, showing a short bias in futures positioning source

XWIN says recency bias after volatility likely drives shorts. If spot demand keeps lifting price, leveraged shorts risk liquidation analysis.

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