$592M Pours Into US Spot Bitcoin ETFs Amid Market Upswing

A massive influx of $592.5 million into US spot Bitcoin exchange-traded funds (ETFs) over two days has sent shockwaves through the market.

As of September 20, Bitcoin's price had settled around $81,000, but recent gains have pushed it above $80,000.

The market is now watching to see if prices will breach the resistance range of $82,000 to $83,000 or fall back.

This surge in investment follows a massive $746.3 million withdrawal from US spot Bitcoin ETFs on September 15 and 16.