Bitcoin ETFs see 5-day inflow streak, longest since May
US spot Bitcoin ETFs record $227M inflows as BTC climbs above $65K.
1Revival in Bitcoin ETFs
US-listed spot Bitcoin ETFs posted five consecutive days of net inflows, marking the longest positive streak since early May. Total inflows of $727.3 million suggest renewed market activity, with Monday alone seeing $226.9 million - the highest daily figure since July 6.
2What the data shows
Year-to-date net outflows for US spot Bitcoin ETFs have now fallen below $5 billion. Meanwhile, BTC price rose 3.3% to $65,879 in 24 hours, according to CoinGecko. The sustained inflows over five trading days indicate potential easing of selling pressure.
3Why it matters
XS.com's Simon-Peter Massabni notes these inflows may signal reduced selling pressure rather than strong institutional demand returning. He emphasizes Bitcoin needs to break and hold above the $65,000-$65,500 range to confirm a sustained uptrend.
4Historical context
The last comparable inflow streak occurred April 30-May 5 (6 days). Current movement represents the first significant recovery attempt after May's downtrend. Market participants are closely monitoring whether this marks a true reversal or temporary respite.
5Technical outlook
Analysts suggest breaking $65,500 resistance could open path to $70,000 target. However, failure to hold above this level maintains correction risks. Immediate trading range appears between $63,000-$67,000, with BTC currently testing upper bounds.
6Market implications
Continued ETF inflows could become key confidence indicator for crypto markets. Institutional re-entry would boost liquidity and potentially reduce volatility. However, macroeconomic conditions remain critical watchpoint for sustained recovery.
Original article: Cointelegraph.com News — Bitcoin ETF'lerinde 5 günlük net giriş serisi