After four straight days of outflows totaling $1.5B, U.S. Bitcoin ETFs finally saw positive momentum on August 6, pulling in $91.6 million in net inflows.
Which ETFs Led the Recovery?
🏆 BlackRock (IBIT): $42M
🥈 Bitwise (BITB): $26.4M
🥉 Grayscale (GBTC): $14.5M
📊 VanEck (HODL): $4.1M
Only ARKB (Ark/21Shares) bucked the trend with $5.4M outflows.
Will Bitcoin Follow the ETF Rebound?
- Current price: $115,023 (+0.89%)
- Key resistance: $117,200 (breakout level)
- ATH drop: ~6.5% from $123K peak
Glassnode data shows sell pressure easing:
- Only 45% of recent BTC sales were profit-taking
- Corporate BTC buying still strong
What’s Next for Bitcoin?
✅ Bullish case: ETF inflows + corporate demand could push BTC past $120K
⚠️ Bearish risk: Failure at $117.2K may signal fading momentum