U.S.-listed Bitcoin spot exchange-traded funds (ETFs) signaled potential market recovery with $91.6 million in net inflows recorded.
The inflows coincided with Bitcoin trading around $115,023, reflecting a 6.5% decline from its all-time peak of $123,000. Market analysts have pinpointed the $117,200 price level as a critical resistance point; breaching this could signal a stronger recovery trajectory.
Among individual ETF issuers, BlackRock’s IBIT led the inflows with $42 million. Bitwise’s BITB followed with $26.4 million, while Grayscale’s GBTC recorded $14.5 million.
Investor sentiment analysis suggests a possible easing in selling pressure. Notably, recent data indicates only 45% of the total Bitcoin supply is currently in profit, a condition often associated with increased price stability as fewer holders may be incentivized to sell near-term.