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Home Cryptocurrency

Bitcoin Price Rises as Spot Bitcoin ETFs Attract $1.42B in Inflows

by theadvisertimes.com
7 months ago
in Cryptocurrency
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Bitcoin Price Rises as Spot Bitcoin ETFs Attract .42B in Inflows
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The Bitcoin price has jumped by a fraction of a percentage in the last 24 hours to trade at $95,324, as spot Bitcoin ETFs saw a strong return recording $1.42 billion in net inflows over the past week.

ETF activity was heavily concentrated in the middle of the week. Data shows that Wednesday delivered the largest single-day inflow of approximately $844 million, followed closely by $754 million on Tuesday. Although momentum cooled toward the end of the week, including a notable $395 million outflow on Friday, the strong midweek buying was enough to push total weekly inflows to their highest level since early October. At that time, spot Bitcoin ETFs attracted around $2.7 billion, highlighting the scale of the renewed interest.

The latest inflow trend suggests that institutional investors are gradually returning to Bitcoin through regulated investment products after a period of caution. Vincent Liu, chief investment officer at Kronos Research, said that ETF inflows indicate long-only allocators re-entering the market. He added that ETF buying, combined with reduced selling from large Bitcoin holders, or whales, is helping tighten effective supply.

On-chain data shows whale selling pressure has eased compared to late December, reducing a key source of distribution and downside risk. Ethereum ETFs also posted positive inflows, though at more modest levels compared to Bitcoin. The strongest inflow day occurred on Tuesday, with approximately $290 million, followed by $215 million on Wednesday. However, late-week selling weighed on performance, with Friday seeing roughly $180 million in outflows, trimming total weekly inflows to around $479 million.

Despite the improved flow data, analysts remain cautious. Market observers note that short-lived spikes in ETF inflows have historically led to brief price rebounds rather than sustained rallies. Analysts argue that Bitcoin will likely need several consecutive weeks of strong and consistent ETF demand to support a durable uptrend. Without sustained inflows, price gains may continue to face resistance and fade during periods of weaker demand.

Bitcoin Price Consolidates Above Key Support After Bullish Breakout

Bitcoin (BTC) shows steady consolidation after a strong bullish breakout, according to the latest 4-hour chart, as price trades at $95,470 at the time of writing. The chart highlights a major support zone near the $86,000–$88,000 range, where Bitcoin previously formed a solid base.

This area acted as a demand zone, absorbing selling pressure and setting the stage for a rebound. From this level, BTC began forming a rounded bottom pattern, a classic bullish structure that often signals a gradual shift from bearish to bullish momentum. The bullish bias was confirmed after the price broke above a key resistance zone around $91,000–$92,000, labeled as a bullish breakout on the chart. Following the breakout, Bitcoin rallied sharply toward the $97,000–$98,000 area, where sellers temporarily stepped in. This level now acts as short-term resistance.

Currently, BTC is moving sideways just below resistance, suggesting healthy consolidation rather than weakness. Price is holding above the former resistance zone, which has now flipped into support around $94,500–$95,000. This behavior often indicates that buyers are defending higher levels while preparing for a possible continuation move.

Bitcoin priceBitcoin price

BTCUSD Chart Analysis Source: Tradingview

The chart also marks a reward zone targeting the $100,000 psychological level, aligning with the projected take-profit area. A clean break and close above the $96,000–$97,000 resistance could open the door for a retest of six-figure prices in the near term.

Momentum indicators support this outlook, with the Relative Strength Index (RSI) is hovering around the mid-50s, indicating a neutral-to-bullish momentum. Notably, RSI is neither overbought nor oversold, leaving room for further upside if buying pressure increases.

The technical structure remains constructively bullish, as long as Bitcoin holds above the $94,000 support zone. A drop below this level could invite short-term pullbacks toward $92,000, but unless BTC loses the major support near $88,000, the broader trend continues to favor the bulls.

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