Crypto investors and traders are showing mixed sentiment toward the top two cryptocurrencies, as the market experiences a rebound.
Spot Bitcoin exchange-traded funds in the US recorded strong net inflows on Feb. 2, while the asset’s price hovers below the $80,000.
According to data from SoSoValue, spot BTC ETFs saw a net inflow of $561.9 million, led by FBTC and IBIT’s $153.3 million and $142 million inflows.
These products saw a net outflow of $1.61 billion in January.
However, spot Ethereum ETFs continued their selloff with a net outflow of $2.86 million on the same day, SoSoValue data shows.
Bitcoin’s BTC $62 097 24h volatility: 1.2% Market cap: $1.24 T Vol. 24h: $27.22 B inflows came as it fell below $75,000 for the first time since April 2025. With the latest rebound, BTC is trading at $78,500 at the time of writing.
Ethereum ETH $1 639 24h volatility: 0.6% Market cap: $197.78 B Vol. 24h: $11.96 B is also down 26% over the past 30 days, a level last seen in May 2025. The leading altcoin is currently hovering close to $2,300.
Selling Bitcoin, Buying Ethereum
The mixed signals don’t end with the ETF flows for the top two digital assets.
Bitcoin holders deposited 3,220 BTC into leading centralized crypto exchanges, recording a net inflow of $252.6 million, according to data from Coinglass.
On the other hand, Ethereum registered a net outflow of 143,640 ETH from CEX platforms, worth just over $335 million at current prices.
One of the most prominent ETH buyers is BitMine. The Ethereum investment company purchased 41,000 ETH on Feb. 2, according to a press release.
The accumulation brings BitMine’s ETH holdings to 4.285 million tokens, accounting for 3.55% of the ETH circulating supply. The firm also added that its staked ETH stands at 2.873 million.
Lookonchain also shared on X that a crypto whale bought the ETH price dip late on Feb. 2.
This OTC whale continues to buy the dip!
He bought another 33,000 $ETH($76.6M) and 250 $CBBTC($18.95M) today.https://t.co/I0txyh8k3n pic.twitter.com/4GKW0cRpdV
— Lookonchain (@lookonchain) February 2, 2026
The whale accumulated 33,000 ETH, worth $76.6 million, and 250 Coinbase Wrapped BTC (CBBTC), worth $18.95 million.
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