Bitcoin Battles $80K as Institutional Demand Strengthens with Six-Consecutive Days of ETF Inflows
Bitcoin's price is currently battling to break through the $80,000 level as institutional demand strengthens. U.S. spot Bitcoin ETFs attracted a total of $337.56 million in net inflows on August 24, extending their positive-flow streak to six consecutive trading sessions and taking cumulative inflows during this run to approximately $2.26 billion.
The previous week alone delivered $1.92 billion, the strongest weekly result for these funds in roughly 10 months. This represents direct spot-market demand rather than short liquidations that helped accelerate BTC's initial rebound, providing a more durable support if the rally cools.
However, Bitcoin has faced resistance near its 50-week moving average and has slipped back below $80,000. A sustained move above this area could put $83,000 and eventually $85,000 into focus, but a pullback toward the $76,000 to $78,000 region cannot be ruled out if buyers cannot defend the breakout.
ChainSpin, which has launched its presale at $0.0125, is positioning itself as an early-cycle alternative with over 25% of Stage 1 already sold and more than $120,000 in sales within the first days.