Bitcoin ETFs See $562 Million In Inflows, But BTC Is Stuck At $78,000

U.S. spot Bitcoin (CRYPTO: BTC) ETFs recorded $561.9 million in net inflows on Monday, snapping a four-day outflow streak.

The Bargain Hunt

BlackRock’s IBIT (NASDAQ:IBIT) and Fidelity’s FBTC (NYSE:FBTC) led the buying with $142 million and $153.4 million in inflows respectively. 

Bitwise’s BITB (NYSE:BITB) added $96.5 million, while funds from Grayscale, Ark & 21Shares, VanEck, Invesco, and WisdomTree also posted inflows.

The timing signals conviction. Buyers stepped in after Bitcoin tested $75,000—a nine-month low—and rebounded to roughly $78,500 by Monday’s close. 

The inflows ended two consecutive weeks of net outflows totaling $2.82 billion.

Vincent Liu, CIO at Kronos Research, said large allocators are using regulated ETFs to scale exposure as part of macro positioning shifts and portfolio rebalancing according to the Block. 

If this trend continues, spot buying can tighten liquid supply and support a firmer near-term backdrop.

The Underwater Problem

The average cost basis across U.S. Bitcoin ETFs sits at approximately $84,099, while Bitcoin trades near $78,000. 

This means the collective ETF buyer base remains underwater by roughly $6,000 per coin.

A key divergence emerged.

Spot Bitcoin is roughly 40% below its October all-time high, yet spot ETFs hold about 1.3 million BTC—only around 5% below their October peak. 

Moreover, total ETF assets stand at $100.38 billion, representing 6.44% of Bitcoin’s market cap.

Tim Sun, senior researcher at HashKey Group, said earlier withdrawals were driven by arbitrage returns drying up as price spreads between spot ETFs and Bitcoin futures converged. Weaker risk appetite pushed allocators to de-risk.

However, after Bitcoin tested bottom twice, the market gradually priced in pessimistic expectations. Some medium- to long-term capital now views current levels as attractive for building positions.

The Technical Setup

Bitcoin is trading flat today after breaking down from a symmetrical triangle pattern, signaling sellers won the consolidation battle.

The Supertrend indicator sits at $87,551, well above current prices, while the Parabolic SAR at $84,155 acts as dynamic resistance.

Bitcoin tests $78,000 support—a critical floor. 

If this level fails, the next major support appears around $75,000-$76,000. 

Any bounce attempts face resistance at $84,000 initially, then $87,500.

For now, the inflows suggest large allocators view sub-$80,000 Bitcoin as attractive despite sitting underwater. Continued spot buying could tighten supply and stabilize prices near term.

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