The spot Bitcoin ETF inflows in India have witnessed a significant decline of over 90%, plummeting from $3 billion to $228 million within a span of four weeks. This abrupt decrease in ETF inflows, which are typically known to drive Bitcoin rallies, has raised concerns about the impact on Bitcoin’s price movements. Historical data reveals that significant spot ETF activity has correlated with notable price fluctuations in the past. For instance, during Q1 2024, $11.39 billion in net inflows over seven weeks led to a 57% price surge, but prices peaked before the final two weeks of high inflows. Similarly, Q3 2024 saw a 66% rally fueled by $16.8 billion in inflows, but a subsequent slowdown in the 10th week resulted in a 9% price drop. The dynamics were different in Q1 2025, where $3.8 billion in inflows coincided with a new all-time high, but prices fell by 4.8%. The most recent period, Q2 2025, witnessed $5.8 billion in inflows and a 22% price rally, indicating a more complex relationship between ETF inflows and Bitcoin prices. Despite the current downward trend in inflows, recent whale activity suggests a bullish outlook, with long-term BTC whale buying potentially signaling a continuation of the uptrend. While short-term selling pressure is evident, driven by whales offloading BTC in the $105,000 to $100,000 range, the overall sentiment leans towards a correction rather than a reversal. CryptoQuant data shows that whales are taking fewer profits compared to previous rallies, hinting at a possible upward trend continuation. With the Indian Bitcoin market facing uncertainties amidst fluctuations in spot ETF inflows, monitoring whale activity and long-term buying pressure becomes crucial for gauging Bitcoin’s future price movements. This article serves as informational content and does not provide investment advice. Readers are encouraged to conduct their own research before making investment decisions.