US Spot Bitcoin ETFs Pull in Nearly $1B for a Third Straight Week
US spot Bitcoin ETFs recorded nearly $1 billion in net inflows last week, extending their positive run to three consecutive weeks as institutional demand continued to recover.
US spot Bitcoin ETFs recorded nearly $1 billion in net inflows last week, extending their positive run to three consecutive weeks as institutional demand continued to recover.
On-chain data reveals that large investors have accumulated roughly 65,000 BTC within just seven days. Meanwhile, the price has barely moved—for now.
The Bitcoin price has been moving sideways for several weeks, testing investors’ patience. When will the next bull run begin, and when will the leading cryptocurrency finally reclaim its all-time high? September has historically been a weak month for BTC, but another trend gives reason for optimism: exchange reserves continue to decline rapidly.
From $500,000 to $11.6 million — crypto analysts are outdoing each other with increasingly bullish Bitcoin forecasts
After its latest major purchase, Strategy now controls roughly three percent of the total circulating Bitcoin supply – a development raising both optimism and concern.
Over the past month, major holders of Bitcoin sold more than 115,000 BTC worth $12.7 billion — the highest level since July 2022, according to CryptoQuant analyst “caueconomy.”
Many traders expect Bitcoin to hit its peak in the fourth quarter. Analyst PlanC warns that historical halving cycles don’t actually support this assumption.
The U.S. Dollar Index (DXY) has dropped to its lowest level in 50 years. Analysts at QCP Capital say the weakening dollar, combined with rising bond yields, signals a bullish setup for Bitcoin.
September has a reputation as a traditionally weak month for Bitcoin. Here’s what crypto investors should prepare for—and which factors could prove decisive for BTC. The month has long spooked Bitcoin holders, producing red numbers more often than any other. After a soft August, fears are growing that price could slip below the key $100,000 mark. Historical data support the pessimistic view, but the Federal Reserve, Michael Saylor, and BlackRock could still turn the tide. For Bitcoin investors, September may become a critical stress test for the current bull cycle.
By now, Bitcoin’s price could have already reached $150,000 if it weren’t for the influence of two major holders, according to Bitcoin Magazine CEO David Bailey.
Since mid-August, the BTC/USD pair has been correcting lower, reaching 108000.00 after the release of U.S. inflation data. In July, the core PCE price index, a key metric for the Federal Reserve, accelerated from 2.8% to 2.9% y/y, reinforcing expectations of prolonged high interest rates. As a result, Bitcoin lost 3.7% in value. Additionally, on Friday, Bitcoin ETFs saw outflows of $126.7 million, though net weekly inflows totaled $440.8 million. The “fear and greed” index shifted to “fear,” currently at 46.0, while investors await Friday’s U.S. labor market report at 14:30 (GMT+2). If August data confirm continued cooling in the labor sector, a rebound in BTC is possible; otherwise, negative momentum may persist.
Through his company Strategy (MSTR), Michael Saylor continues to buy Bitcoin on a weekly basis, spending hundreds of millions of dollars. His latest bold prediction gives a striking outlook for BTC’s long-term price trajectory.
After a weak weekend, Bitcoin recovered the $108,300 level. But Anthony Scaramucci, founder of SkyBridge Capital, warns investors that volatility will remain high in the coming months and years.