Bitcoin's Price Stabilized, Next Move Hinges on Spot Demand
Bitcoin's price has shown a 6.68% weekly appreciation towards late September, but its next move depends on spot demand, according to Bitfinex analysts.
The stability observed in the asset since the September 23 pullback reflects efficient absorption by institutional buyers and corporate treasuries, which have been backed by inflows into U.S. spot exchange-traded funds (ETFs).
These ETFs recorded net inflows of $2.38 billion over the past week, the largest weekly figure since October 2025, reversing a cumulative contraction of $5.7 billion in mid-July.
The document also emphasizes that macroeconomic pressures stemming from monetary tightening appear to have been largely absorbed by traders, with a decrease in open interest indicating a transfer of coins into hands that do not rely on financial leverage.