Bitcoin ETF inflows hit $731 million as BTC climbs back above $80,000

Bitcoin funds draw $731 million as price breaks above $80,000

US-listed spot Bitcoin exchange-traded funds (ETFs) saw their largest daily inflow in nearly eight months on Thursday, drawing $730.9 million as Bitcoin reclaimed the $80,000 level. The surge marks the strongest day for the funds since Jan. 14, when they attracted $843.6 million, according to SoSoValue data. The buying followed a $101.2 million inflow on Wednesday and comes as Bitcoin trades in a range between roughly $76,000 and $81,000 this week, according to CoinGecko. Despite the strong inflow numbers, blockchain analytics firm CryptoQuant cautioned that the rally may be driven by traders closing short positions rather than new buying demand.

BlackRock’s IBIT leads with $454 million in single-day flows

BlackRock’s iShares Bitcoin Trust (IBIT), the largest US spot Bitcoin ETF by net assets, accounted for about 62% of the total inflows with $454 million, according to Farside Investors data. This was slightly below IBIT’s own record of $503 million drawn on Aug. 20. Other major funds also posted gains. ARK Invest and 21Shares’ ARKB received $137.7 million, while Fidelity’s FBTC drew $74.4 million. VanEck’s HODL and WisdomTree’s BTCW were the only funds to record outflows, at $19.6 million and $5.2 million, respectively.

Analysts flag weak fresh demand and key resistance at $83,000

CryptoQuant reported that Bitcoin holders realized 23,000 BTC in net profits on Aug. 21, the highest single-day amount recorded this year. Since Aug. 19, approximately 110,000 BTC in profits were taken, suggesting substantial selling pressure despite the price increase. According to CryptoQuant, Bitcoin’s next critical test sits near its 365-day moving average, placed at roughly $82,300. The company noted that this moving average has historically marked the divide between bull and bear markets. A decisive close above $83,000 would confirm a new bull market, while a rejection could trigger a pullback toward the 200-day moving average near $69,000.

Confirmed ETF numbers and price levels

- US spot Bitcoin ETFs recorded $730.9 million in net inflows on Thursday, the largest daily haul since Jan. 14. - BlackRock’s IBIT alone pulled in $454 million, or about 62% of the total. - Bitcoin traded between $76,000 and $81,000 this week before reclaiming $80,000. - CryptoQuant identified the 365-day moving average at approximately $82,300 as a key threshold, with $83,000 cited as a bull-market confirmation level.

Why this move matters for investors

The sharp rise in ETF inflows shows renewed institutional interest in Bitcoin, but the timing raises questions about sustainability. CryptoQuant warned that heavy short covering—not new long positions—drove much of the recent price action. If fresh demand does not follow, the rally could stall near current resistance levels.

What happens next

Bitcoin will now face a test near its 365-day moving average around $82,300. A close above $83,000 could validate the current uptrend, while failure to hold that level may send prices back toward the 200-day moving average near $69,000. Sources

• Cointelegraph