$200M Floods Into Bitcoin ETFs for 3 Straight Days – New Bull Market Starting?

Key Points

1. U.S. spot Bitcoin ETFs recorded over $800 million in net inflows over three days, with daily averages of approximately 1,980 BTC ($216.64 million), bringing cumulative net inflows to $49.86 billion.

2. BlackRock's IBIT ETF leads with over $52 billion in cumulative net inflows, holding 700,307 BTC, which is more than 55% of all BTC held by U.S. spot Bitcoin ETFs.

3. Publicly traded companies acquired approximately 65,000 BTC in June, worth over $7 billion, contributing to the corporate treasury movement alongside ETFs.

4. Potential short-term risks include President Trump's trade deadline, which could impose 50% tariffs if agreements with the EU, Japan, or China are not finalized, and strong U.S. jobs data reducing expectations for Fed rate cuts.

5. Bitcoin's price action shows resistance at $111,917 (all-time high), with key support at $105,000, while technical analysis suggests a potential dip into support levels before a rebound.