U.S. spot bitcoin exchange-traded funds extended their inflow streak to five consecutive sessions, drawing approximately $1.69 billion in cumulative net inflows. SoSoValue data shows Wednesday's net inflow of $46.3 million, with BlackRock's IBIT contributing $134.6 million to offset withdrawals from Fidelity's FBTC and three other funds.
Sixth Consecutive Positive Week in Sight
The group of ETFs is heading toward six straight weeks of positive net flows, a milestone not seen since July 2025. Bitcoin has stabilized between $81,000 and $82,000, recovering from February lows near $62,000 as institutional appetite returns.
Geopolitical Easing Fuels Risk-On Mood
Bitcoin briefly touched an intraday low of $80,771 before climbing back above $81,500. Sentiment improved after reports that Iran is reviewing a U.S.-backed ceasefire proposal delivered through Pakistani intermediaries. The memorandum reportedly covers restoring trade routes and reducing disruptions near the Strait of Hormuz, while excluding nuclear discussions. U.S. President Donald Trump said no final agreement has been reached and warned of continued military action if Iran fails to comply.
The developments sent oil prices lower — WTI crude fell toward $93 per barrel and Brent crude dropped about 1% near $100 — boosting demand for risk assets including cryptocurrencies. Gold rose more than 1.2% and silver gained nearly 4% as investors repositioned across safe havens and digital assets.
Technical Levels Point to Upside
Bitcoin has traded inside an upward channel since late March, with technical indicators still bullish despite recent volatility near $82,000. Market analysts see the next resistance zone at $84,000 to $85,000, while $80,000 remains a key support level for traders.