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Bitcoin Rebounds Above $85,000 as Spot Demand and ETF Inflows Surge

Guavy AI Editorial Team
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BTC
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Bitcoin has recovered from its recent dip near $76,000 to trade above $86,300 after gaining 12.3% over the past seven days.

The rebound is attributed to improving spot demand and ETF inflows that have supported the recovery.

According to Glassnode, exchange taker flows moved from net selling to net buying as trading volume increased, indicating that spot buyers participated in the recovery alongside leveraged traders.

US spot Bitcoin exchange-traded funds have provided another source of demand, with continued inflows potentially helping absorb selling near recent highs if BTC remains above $85,000.

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