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BTC Failed to Hold $80,000 Even After $1 Billion ETF Inflows
Bitcoin once again failed to hold above $82,800 and dropped back below $80,000. At the same time, there is still no strong panic among buyers — more than $1.1 billion flowed into spot Bitcoin ETFs over the past week. The market has not seen inflows of this scale since January.
During Thursday trading, Bitcoin fell to $79,800 after another unsuccessful attempt to break through resistance above. Despite the pullback, capital continues flowing into Bitcoin ETFs.
According to fund data, spot Bitcoin ETFs recorded $1.105 billion in inflows over the past week. This marks the strongest weekly result since January. On the chart, the move still looks more like a standard pullback.
Bitcoin’s Rally Begins to Lose Momentum
On the hourly and four-hour charts, Bitcoin started showing signs of weakening momentum before the decline.
Despite printing new local price highs, the RSI was already showing weaker momentum. This often happens before the market enters a correction phase.
Four-hour BTC/USDT chart. Source: TradingView
If Bitcoin manages to stay above the weekly open around $78,500, it could give the market a chance to stabilize. The key support zone is currently located in the $76,000–$78,000 range. This area aligns with Bitcoin’s daily fair value gap (FVG) and its 200-day exponential moving average (EMA).
If selling pressure returns, Bitcoin may retest this area before attempting another move toward the recent $82,800 high.
A fair value gap (FVG) refers to a chart area where price moved too quickly in the past, leaving little trading activity behind. During pullbacks, such zones often act as liquidity areas.
Crypto trader Jelle noted that the cluster of 200-day moving averages is currently acting as resistance for price action. At the same time, he sees the $78,000 region as the first major support level. In his view, a retest of the 200-day average could support the next upward move toward higher levels.
Meanwhile, trader Killa XBT identified the $76,300–$74,700 range as a deeper support zone if selling pressure intensifies. He also noted that buyers are currently attempting to defend the weekly opening level around $78,500.
Daily BTC chart. Source: X
ETF Inflows Are Rising Again
This week, demand for spot Bitcoin ETFs strengthened significantly. Net inflows reached $1.05 billion, marking the strongest weekly performance since the third week of January.
If funds maintain positive momentum through Friday, this will become the largest weekly inflow into Bitcoin ETFs in nearly four months.
Net inflows into spot BTC ETFs. Source: SoSoValue
At the same time, Swissblock data shows that the Bitcoin risk index has once again fallen close to zero, while net ETF inflows turned positive again and reached approximately 3,000 BTC.
Previously, increases in the risk index often coincided with ETF outflows and rising selling pressure across the market.
BTC risk index and net Bitcoin ETF inflows. Source: Swissblock/X
In the past, a transition of the index into the low-risk zone often coincided with renewed accumulation of Bitcoin near key support levels.
Swissblock also stated in its report:
“This relationship continues to hold. Even when the risk index rose slightly last week, ETF selling pressure was short-lived, and accumulation quickly resumed. This suggests that ETF demand is still absorbing selling pressure. The current rally remains a move driven primarily by capital inflows.”
See also: "Bitmine Prepares to Slow Down Ether Accumulation"
