Bitcoin ETF Bags $242M Inflow as BTC Price Eyes Biggest Historical Retest
Key Insights:
- Bitcoin ETF recorded $242 million in inflows as investor demand returned to the market.
- Bitcoin price faced a key historical retest as weekly bullish divergence raised hopes of recovery.
- BTC price remained under pressure as 69% of supply was in profit, while $617 billion stayed at a loss.
Bitcoin ETF flows turned positive again, with $242.3 million recorded on August 27, as Bitcoin price remained near a key area after a sharp recovery. Analysts are also watching a weekly bullish divergence and the amount of capital still sitting below its cost. These factors shape the current outlook.
Bitcoin ETF Inflows Return as BTC Price Holds Key Levels
Bitcoin ETF market recorded a combined net inflow of $242.3 million on August 27, according to data from Farside Investors. The latest inflow came after a period of mixed flows, indicating that demand for spot Bitcoin ETFs remained active despite recent market changes.
The figure followed stronger inflows in the previous sessions. On August 26, the ETFs recorded about $232.2 million in net inflows. Before that, August 25 saw $314.3 million, while August 24 recorded $337.6 million. The flow data showed that institutional demand had remained present even as the BTC price moved through a volatile period.
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