+$523,000,000 in 24 Hours: Is Bitcoin Getting Institutional Attention Again?
Institutional interest in Bitcoin has surged unexpectedly, with net inflows of over $523 million into Bitcoin spot ETFs in a single day, according to SoSoValue. Key contributors include Fidelity's FBTC ($165.8M), ARK's ARKB ($102.5M), and BlackRock's IBIT ($224M). Total assets under management for BTC ETFs now stand at $137.8 billion, accounting for 6.7% of Bitcoin's market capitalization. Bitcoin is trading around $104,600, showing a slight recovery but remaining below key moving averages. This rise coincides with low spot trading volumes, suggesting institutional ETF demand is driving the trend. Historical data indicates such inflows often support medium-term rallies, potentially enabling Bitcoin to challenge the $110,000-$112,000 range if inflows persist.
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Rising Institutional Interest in Bitcoin
According to recent data, institutional interest in Bitcoin has sharply and unexpectedly increased. According to SoSoValue, Bitcoin spot ETFs saw net inflows of over $523 million over the past day. As Bitcoin attempts to regain its footing above the $104,000 mark, this represents one of the biggest single-day inflows in weeks and may indicate that big investors are stealthily returning to the market.
Major Contributions to ETF Inflows
Wall Street is back to Bitcoin. The biggest contributions came from Fidelity's FBTC ($165.8 million) and ARK's ARKB ($102.5 million). Additionally, $224 million were added to BlackRock's IBIT, which is the biggest Bitcoin ETF based on total net assets. The total assets under management (AUM) for all BTC ETFs have now reached $137.8 billion, representing approximately 6.7% of Bitcoin's total market capitalization. Cumulative inflows have grown to an impressive $60.49 billion.
Bitcoin Price and Technical Recovery
A technical recovery on the Bitcoin chart corresponds to this new wave of institutional involvement. Bitcoin has been rising steadily since falling below $100,000, and it is currently trading at about $104,600. A short-term rising trendline is forming in the price action, though momentum remains erratic. This slight price increase notably coincides with comparatively low spot trading volumes, suggesting that institutional ETF demand is driving much of the activity.
Key Resistance Levels and RSI Indicator
Bitcoin is still stuck below the 100-day ($107,000) and 200-day ($111,000) moving averages, which are crucial barriers to a long-term bullish reversal. The Relative Strength Index (RSI) remains around 44, indicating that the market has yet to transition from recovery to true strength. These resistance levels are pivotal for determining whether Bitcoin can break into a more sustained upward trend.
Outlook: Potential for Medium-Term Rally
Institutional inflows of this magnitude should not be overlooked. Historically, ETF demand spikes have often preceded medium-term rallies, as they indicate capital reallocation from traditional portfolios into digital assets. If inflows continue in the coming days, Bitcoin may receive the fundamental support required to challenge the $110,000-$112,000 range again and possibly reignite broader market optimism.