A new wave of optimism backed by institutional investors is surrounding at the moment. For the first time in months, spot Bitcoin ETFs have recorded one of their strongest weeks, experiencing a $996 million weekly inflow. The recent uptrend that BTC went on could have been the catalyst for this movement.
Nearly $1 Billion Flows Into Bitcoin ETFs
According to data from SoSoValue, spot Bitcoin ETFs saw an inflow of $996M last week. This number has not been reached since the first week of January. For comparison, January’s peak reached approximately $1.4B. The highlight was on Friday when a record $663M was invested into ETFs in a single day. This was a big portion of the weekly total and it shows that institutional buyers jumped in with both feet.
After a period of uncertainty and volatility thanks to a rise in geopolitical tensions in the Middle East, the data presented shows that a change in sentiment has occurred. Investors are returning to risky assets again and Bitcoin is leading the way.
The Price of Bitcoin Trends Upward
In addition to the ETF inflows, the price of BTC has also been trending upward in the past few days. CoinMarketCap shows that BTC surged from around $70,800 to over $74,000 in the past week alone. This is over a 5% gain. At one point, BTC even managed to soar to $77,000 after Iran declared the Strait of Hormuz completely open.
The initial points of resistance to watch are $75,500 and $75,600. Without reclaiming the $75,500 level, BTC is expected to either continue consolidating or drop to lower support levels, potentially around $73,500 or even lower. On the other hand, the price could increase to $80,000 if Bitcoin breaks these levels. This was the previous consolidation area for BTC in 2026.
Technical Indicators Are Turning Bullish
Not only that, the technical analysis also points to a bullish picture for Bitcoin. Investing.com data shows that the 13-day bull/bear power indicator sits at 250 which is in the buy zone. In other words, the bulls have been able to push the price of BTC above its 13-day EMA, suggesting they are in control.
Furthermore, its 14-day CCI has a value of 99 which is approaching the 100 threshold. This shows that the uptrend momentum is gaining more strength for BTC. All these factors, combined with the UO indicator sitting at 53, show that the current uptrend for this coin is picking up steam and may continue.
Institutional Demand for Bitcoin Is Rising
The recent $996 million weekly inflow into Bitcoin ETFs shows that there is still growing demand for BTC from institutional investors. When it comes to the rest of the market, this development also helps it because institutional participation brings stability in this space. If this weekly inflow trend continues, it could provide a strong foundation for BTC to soar to the $75,500 resistance level.