BlackRock Bitcoin ETF Sees Record $111.4M Inflow Amid Bullish Trend
BlackRock's Bitcoin ETF (IBIT) saw significant inflows on August 4, 2026, with a daily flow of $111.4 million. This influx underscores sustained institutional demand for spot BTC exposure. The price of BTC is currently sitting at $63,809.11 within its Bollinger band.
The upper resistance level of the Bollinger band stands at $64,064.62, while the EMA50 and EMA200 act as layered support in the prevailing bullish trend. Momentum indicators show a neutral RSI(14) reading of 54.19 and a MACD(12,26) value of -22.16, confirming a golden cross.
This suggests that the price may test the upper band before pulling back to the confluence of the 50-EMA. The flow arrives amid ongoing debates on BTC price predictions and broader crypto market analysis focused on ETF accumulation patterns.