Live updates: Bitcoin ETFs draw a seventh straight day of inflows as the rally holds above $80,000
Bitcoin ETFs have seen seven consecutive days of inflows, totaling over $2.5 billion, as the cryptocurrency's price remains above $80,000. Analysts are currently debating whether this momentum is sustainable or if the market is becoming overbought.
Why it matters
The sustained institutional demand for Bitcoin ETFs suggests a shift in market sentiment and potential long-term price stability for digital assets.
The streak is the part that matters. Last week's breakout past $69,000 leaned partly on a $3 billion short squeeze, forced buying that can't repeat once the shorts are gone.
Seven days of ETF inflows totaling more than $2.5 billion is the spot demand that outlasts a squeeze, the evidence that institutions are chasing the move rather than just short-sellers covering it.
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