Bitcoin Rally Stalls Below $88K as Spot ETF Inflows Collapse 90%
Bitcoin's push toward $90,000 has stalled below $87,722 following a sharp 90% reduction in weekly U.S. spot ETF inflows, which fell from $2.39 billion to $241.1 million. Bitfinex analysts note that institutional buying near breakeven levels is drying up, removing a core catalyst for immediate upside. Without renewed spot ETF demand, price action faces short-term consolidation or a broader retracement.
Bitcoin's push toward the $90,000 mark has ground to a halt below $87,722 as institutional demand experiences a sudden freeze. Weekly inflows into U.S. spot Bitcoin ETFs cratered by nearly 90%, plummeting from $2.39 billion to just $241.1 million according to Bitfinex analysts.
The dramatic drop in ETF momentum highlights the market's heavy reliance on institutional liquidity to absorb overhead spot supply. As institutional allocations slow near breakeven cost bases, passive buying pressure vanishes, leaving price vulnerable to profit-taking.
Without a fresh jolt of spot ETF accumulation or significant on-chain spot buying, Bitcoin faces a prolonged period of consolidation. Bulls must defend current support levels, as failure to reignite institutional flows increases the risk of a deeper pullback.