Bitcoin Price Range-Bound as ETF Inflows Slow Amid Rising Long-Term Holder Profit

Bitcoin's price remained range-bound this week as U.S. spot exchange-traded fund inflows slowed after two strong days in late September.

The U.S. spot Bitcoin ETFs recorded net inflows of about nearly $1 billion on each of September 21 and September 22, with the September 21 total marking the largest single-day inflow in nearly a year.

However, inflows declined on subsequent trading days, reaching $24 million on September 28. Long-term holders accounted for more realized profit in the week ending September 29, their share increasing from 34% to 55%.