Bitcoin Dips Below $80k Barrier, But ETF Inflows Offset Selling Pressure

Bitcoin's price dipped from its high of $79,473 to $75,568 due to short-term selling pressure near the $80,000 psychological barrier.

The pullback reflects profit-taking by short-term holders who moved 53,000 BTC to exchanges, especially Binance, without involvement from long-term holders.

However, U.S. Bitcoin ETFs attracted $1.92 billion in inflows over five days, showing strong investor demand that offsets some spot market selling.

This influx of funds is crucial to sustain Bitcoin's rally and potentially push prices back toward the $80,000 level.