Bitcoin Surges to $80,000 as ETF Inflows Hit Record Levels

Bitcoin's price surged by 25 percent in August, marking its best performance in nine years. This rally comes after a flood of new money into U.S. spot Bitcoin exchange-traded funds (ETFs), which saw net inflows of $1.9 billion last week.

This is the strongest weekly tally since October 2025, when Bitcoin hit an all-time high of $126,198. The surge has turned one of the worst stretches in crypto history into a profitable period for some investors.

The question now is whether this is a genuine recovery or another bear-market head fake. TradingView reported that Bitcoin closed last week at $77,727 on Bitstamp, just barely scraping above its 50-week exponential moving average, a key resistance trendline sitting at $77,752.

CryptoQuant calculated that short-term holders now sit at just over 11 percent net profitability, while long-term holder profitability jumped from roughly breakeven to positive 18.5 percent.