$BTC has net inflows for 9 consecutive trading days of an ETF, yet the price has not broken through.
On September 29, U.S. spot Bitcoin ETFs saw net inflows of $66.19 million. BlackRock’s IBIT added $51.09 million, Ark Invest’s ARKB added $33.24 million, while Bitwise’s BITB recorded net outflows of $18.14 million. The total is positive, but the capital isn’t consistently standing on the same side.
At the same time, Binance’s BTCUSDT is around $83,828, down 0.64% over the past 24 hours, still below the day’s high of $84,555.
I don’t really believe the words “consecutive 9 days” by themselves. ETF inflows are only part of the picture—whether the market can absorb them depends on sell pressure and trading volume.
Open $BTC to check the daily chart and volume: if ETFs keep flowing in, but that $84,000 support still can’t hold, this divergence is more worth watching than “9 consecutive days.”
$BTC
On September 29, U.S. spot Bitcoin ETFs saw net inflows of $66.19 million. BlackRock’s IBIT added $51.09 million, Ark Invest’s ARKB added $33.24 million, while Bitwise’s BITB recorded net outflows of $18.14 million. The total is positive, but the capital isn’t consistently standing on the same side.
At the same time, Binance’s BTCUSDT is around $83,828, down 0.64% over the past 24 hours, still below the day’s high of $84,555.
I don’t really believe the words “consecutive 9 days” by themselves. ETF inflows are only part of the picture—whether the market can absorb them depends on sell pressure and trading volume.
Open $BTC to check the daily chart and volume: if ETFs keep flowing in, but that $84,000 support still can’t hold, this divergence is more worth watching than “9 consecutive days.”
$BTC
