Bitcoin ETF inflows stabilize after large outflows, keeping price range tight around $82,000
US Bitcoin spot ETFs saw a net inflow of $5.06 million on Thursday following a large $261.5 million outflow on Wednesday, reflecting erratic demand. Bitcoin's price remained stable within a narrow range between $79,800 and $82,500, influenced by ETF flows and an upcoming options expiry. The inflows correspond to about 62 Bitcoin, a fraction of the daily new supply of 450 Bitcoin, explaining the limited price movement. Investors should consider holding periods for tax purposes and trading fees as the market awaits new inflows to break the current price range.
US Bitcoin spot ETFs saw a net inflow of $5.06 million on Thursday following a large $261.5 million outflow on Wednesday, reflecting erratic demand. Bitcoin's price remained stable within a narrow range between $79,800 and $82,500, influenced by ETF flows and an upcoming options expiry. The inflows correspond to about 62 Bitcoin, a fraction of the daily new supply of 450 Bitcoin, explaining the limited price movement. Investors should consider holding periods for tax purposes and trading fees as the market awaits new inflows to break the current price range.
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