๐ฐ ETF็ไนฐ63ไบฟ๏ผไธบไปไนๆฏ็นๅธ่ฟ่ฝๅจ84Kๅพๅพ๏ผ
On September 24, U.S. Eastern Time, the total net inflow into spot Bitcoin ETFs was $191 million. BlackRockโs IBIT pulled in $163 million in a single day, bringing its cumulative total to a surge of $65.1 billion; Fidelityโs FBTC also saw inflows of $12.86 million, with a cumulative $11.1 billion. While WisdomTreeโs BTCW had a net outflow of $4.016 million, its cumulative amount still added up to $786.5 million in gains. At Bitcoinโs current level of $84.2K, is this round of capital inflows a last spurt or a new beginning?
Why is this news important?
At its core, it reflects two layers of contradictions. First, institutional capital is continuously competing for Bitcoinโthis โtangible assetโโwhich is entirely different from the ETF capital game in traditional finance. For example, the daily inflows of a heavyweight player like BlackRockโs IBIT are enough to buy the market capitalization of the entire FTSE 100. Second, Bitcoinโs price performance is severely out of sync with the pace at which its ETFs are absorbing inflows. At $84K, cumulative inflows total only $74.5 billion, far below the ETF inflow scale of the S&P 500, which stands at $1.8 trillion. This suggests that, in the eyes of institutions, Bitcoin is still a โlow-priced asset,โ while the market is betting at a 300:1 premium that it can break through this bottleneck.
Impact on the market
In the short term, sustained ETF inflows will keep supporting BTC. Around $84.2K is a key zone where net ETF inflows exceed outflows. As long as this logic holds, the room for downside should be limited. But what does that mean? It means that unless ETFs โblow up,โ Bitcoinโs range-bound consolidation could likely continue until the end of the year. Historically, whenever the spot ETFโs weekly net inflow exceeds $50 million, the probability of Bitcoin rising next week is 70%. This time, the inflow volume is double the weekly average, and the odds of Bitcoin holding above $84K within a 12-hour window are extremely high.
๐ก Iโm bullish on the $84โ87K range. If Bitcoin falls below $82.5K, the narrative of institutional ETF inflows would collapseโbecause BlackRockโs most recent large-scale outflow happened in June 2019, when BTC was also trading below $80K.
ใJudgment: invalidation conditions includedใIf next week the Fed hints at reducing QE, this judgment is invalid.
This article has no sponsorship from any project, and the author does not hold any of the assets mentioned.
Source: Binance Square
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โ ๏ธ Not investment advice; predictions are for reference only
#SpotBitcoinETFsInflow$2.31BInFourDays