Bitcoin slips below $80K despite BTC ETF inflows topping $1B

💡 DMK Insight

Bitcoin’s recent struggle at $82,800 is a critical juncture for traders. The drop below $80,000 signals potential bearish sentiment, but the $1.105 billion inflow into spot BTC ETFs could provide a buffer against further declines. This influx suggests institutional interest, which might stabilize prices in the short term. Traders should keep an eye on the $80,000 level as a psychological barrier; a sustained move below could trigger more selling pressure. Conversely, if Bitcoin can reclaim the $82,800 resistance, it could pave the way for a bullish reversal. Worth noting, this situation isn’t isolated—watch for how correlated assets like Ethereum respond, as they often follow Bitcoin’s lead. The next few days will be crucial; monitor trading volumes and sentiment shifts, especially around the $80,000 mark, to gauge whether this inflow can counteract the selling pressure.