Bitcoin's ETF inflows test 2025 outlook as $90,000 target looms
Bitcoin's recent price movements have sparked debate among analysts, particularly around the impact of ETF inflows. September's ETF data showed resilience, but only due to a single strong Monday. Creation runs that historically favored rallies in 2026 did not provide the same edge in 2025, raising questions about the sustainability of the trend.
The cryptocurrency closed September 21 at $86,597 after the largest creation day of 2026, but then lost 3.6% in a week despite continued fund inflows. Glassnode, a blockchain analytics firm, identified the $83,000 to $86,000 range as a ceiling on September 9. By October 4, Bitcoin had closed at $86,490, surpassing a $85,000 to $85,500 wall of sell orders highlighted in Glassnode's September 30 report.
Despite these fluctuations, the author remains optimistic, predicting Bitcoin could close at $90,000 before dropping to $82,000. This outlook is based on historical odds and the fact that two Mt. Gox addresses remain unspent, which could influence market behavior.