ETF Inflows Support Bitcoin Price Above $66,800
Bitcoin's price briefly surged above $66,800 this week, its strongest level in over a month, before slipping back. The surge comes amid consecutive ETF inflows that have pulled money back into the market after a prolonged period of outflows.
The last inflow streak of a similar length occurred ahead of Bitcoin's October 2025 rally, though such streaks do not guarantee a repeat. Despite the uptick in prices, other market indicators point to continued caution among professional traders.
A negative Coinbase Premium Index has remained for over 900 cumulative hours, the longest stretch in 2 years. This suggests relatively weaker demand or stronger selling pressure on Coinbase compared to Binance.
Analyst Darkfost tied this caution to sticky inflation, rising oil prices, and a less transparent Fed under its new chairman. 'This combination is what's keeping institutional selling pressure going, as we're still seeing today,' he noted.