Bitcoin ETFs take in more than $2 billion in 8 days
The path to $80,000 is clear in the short term, according to one analyst.
Bitcoin ETFs are on a roll with eight consecutive day of inflows totaling more than $2 billion, according to SoSoValue. It’s their longest winning streak since early October, pre-bitcoin’s all-time high. So far this month, Bitcoin ETFs have registered $2.4 billion in inflows, their best month since October. Bitcoin ETFs have $102.79 billion in total net assets, representing 6.59% of bitcoin’s market cap.
While bitcoin is holding steady Friday morning, the strong inflows might not be sufficient to help it cross the $80,000 resistance level.
Fernando Lillo, marketing director at Zoomex, told Sherwood News that bitcoin is maintaining a clear weekly upward structure.
The move, he said, continues to be supported by persistent inflows into bitcoin ETFs, which are acting as a structural bid rather than short-term speculative flow.
“At the same time, Brent oil trading above $105–$107 per barrel is reintroducing a geopolitical and inflation premium into global markets. Bitcoin is no longer trading purely as a high-beta risk asset — part of the current demand is structural allocation, which tends to be less reactive to short-term macro noise,” Lillo said.
Lillo said that this creates a mixed environment: on one side, ETF inflows continue to absorb supply and provide downside support; on the other, macro conditions limit the pace of expansion rather than the direction.
While the $80,000 range widely seen as the next psychological trigger, what matters is not just the breakout itself, but the quality of the move, Lillo said.
“In the coming days, the most probable scenario is continued high volatility with an upward bias, rather than a straight breakout. The market is likely to test higher levels, clean weak positioning, and then decide on continuation,” Lillo said, adding that in addition to oil prices, the other key driver will be derivatives positioning.
“The next significant move is less likely to be triggered by macro headlines alone, and more by imbalances in leverage, liquidity, and order flow across exchanges. ETF flows are setting the floor, macro is capping the speed, and derivatives will determine the timing of the next expansion,” he said.
Another signal of renewed institutional interest is the pace at which bitcoin ETFs have recently accumulated bitcoin.
In the past five trading days, “US spot bitcoin ETFs have purchased 18,991 $BTC... That’s 9 x times the new supply in that period. Institutional demand for #bitcoin is clearly accelerating,” Andre Dragosh, Bitwise European head of research, posted on X.
Nic Puckrin, cofounder of Coin Bureau, told Sherwood that with several key resistance levels crossed, the path to $80,000 is clear in the short term, barring any negative headlines around the US-Iran war.
However, in the longer term, the impact of the Iran war will likely weigh heavily on all risk assets at least for the rest of the quarter, if not the rest of 2026, as inflation forces central banks to tighten, he said.
“On the market structure side, digital asset treasuries still face significant pressure, and more selling is likely even with bitcoin above $70K. So the positive picture we’re seeing right now may not extend into the mid-term outlook,” Puckrin said.
