Crypto Winter Ends as ETF Flows Regain Focus

Bitcoin ETF redemptions and SpaceX IPO liquidity pressures coincided with the recent market correction phase. Persistent BTC and ETH exchange outflows suggest continued accumulation despite broader market weakness. Standard Chartered maintains $100,000 BTC and $4,000 ETH year-end targets amid improving sentiment. Crypto Winter may be nearing its conclusion as market conditions stabilize, exchange outflows persist, and institutional demand shows signs of recovery following Bitcoin’s recent decline toward $59,375. Standard Chartered Maintains Bullish Year-End Targets Standard Chartered restated their end-of-year forecasts for key cryptocurrencies. The bank still has the Bitcoin price at $100,000 and Ethereum's at $4,000. According to a report shared by Wu Blockchain, the bank views recent weakness as temporary. The assessment identified Bitcoin’s June 5 decline as a potential cycle bottom. https://twitter.com/WuBlockchain/status/2065635645461282898?s=20 The report cited several factors behind the recent market downturn. Heavy spot Bitcoin ETF redemptions contributed to reduced demand across markets. Liquidity pressures linked to the SpaceX IPO also weighed on sentiment. Broader macroeconomic uncertainty further added to selling pressure during the correction. Bitcoin Exchange Data Shows Continued Accumulation Recent BTC spot inflow and outflow data presents a mixed picture. Exchange activity remained dominated by net outflows throughout much of the period. Large withdrawals were recorded between August and November. Several sessions showed outflows approaching or exceeding $1 billion. Such movements often indicate transfers into long-term storage solutions. Available exchange supply generally decreases when withdrawals remain elevated. Bitcoin, however, fell from over $110,000 in the same time frame. Market sentiment and liquidity conditions have remained to play a role in the direction of prices. A significant inflow occurred in early February. Bitcoin dropped significantly, with the total volume of transactions reaching around $1 billion. That was a time when the crypto markets were heavily volatile. The movement suggested increased exchange supply during an active selling phase. More balanced flows emerged between March and April. Bitcoin subsequently recovered toward the $80,000 region before recent weakness returned. Ethereum Outflows Continue Despite Price Weakness Ethereum exchange activity reflected a similar pattern over recent months. Net outflows consistently exceeded inflows across large portions of the chart. Several sessions registered withdrawals exceeding $300 million. Some outflow events approached the $600 million to $700 million range. Such transfers typically reduce immediate selling availability on exchanges. Market participants often interpret sustained withdrawals as accumulation activity. Ethereum’s price still trended lower despite those movements. The asset declined from above $4,500 toward the $1,700 area. A notable inflow spike emerged around February. More than $600 million moved onto exchanges during a sharp market decline. The timing aligned with increased volatility and downside pressure. Ethereum later stabilized as exchange flows became more balanced. Wu Blockchain reported that Standard Chartered expects Ethereum to outperform Bitcoin near term. The bank believes renewed ETF demand could support broader market recovery. Market participants are now watching ETF flows closely. Sustained inflows may help confirm whether the recent correction marked the end of the Crypto Winter cycle.