Bitcoin exchange-traded funds (ETFs) in the U.S. recorded $442 million in net inflows on Thursday, marking the fifth consecutive day of gains. This sustained momentum underscores growing institutional confidence in Bitcoin, even as global economic conditions remain volatile.
With Bitcoin holding steady at $94,000**, investor optimism is surging, reigniting calls for a **$100,000 price target.
Key Highlights
- BlackRock’s IBIT dominated inflows, securing $327.3 million—74% of the total.
- 87.3% of Bitcoin’s circulating supply is now profitable, up from 82.7% in March.
- On-chain data signals rising accumulation, but retail FOMO hints at short-term volatility risks.
BlackRock’s IBIT Leads with $327M in Bitcoin ETF Inflows
BlackRock’s iShares Bitcoin Trust (IBIT) accounted for the lion’s share of Thursday’s inflows, pulling in $327.3 million. Other notable performers included:
- ARKB (Ark Invest/21Shares): $97 million
- BITB (Bitwise): $10.2 million
- BTCO (Invesco): $7.5 million
While the day’s inflows were lower than earlier in the week ($916.9M and $936.4M), the five-day streak suggests sustained institutional interest. Trading volumes across all 12 U.S. Bitcoin ETFs dipped to **$2 billion** (down from $4B the prior day), but the broader trend reflects growing demand for crypto investment vehicles.
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Bitcoin Accumulation Rises as Supply Profitability Hits 87.3%
Glassnode data reveals that 87.3% of Bitcoin’s supply is now profitable, up from 82.7% in March. This surge indicates strong accumulation during recent price dips—a bullish signal for long-term holders.
Historically, when over 90% of supply is profitable, Bitcoin enters a euphoric phase, often preceding major rallies. Meanwhile:
- Spot Ether ETFs rebounded with $63.5M in inflows after a brief outflow period.
- Ethereum (ETH) edged up 0.43% to $1,778, mirroring broader crypto optimism.
Retail FOMO Signals Caution Amid $100K Predictions
Santiment analysts observed rising FOMO among small Bitcoin holders as prices neared $94K. Retail-driven FOMO often coincides with short-term tops, introducing volatility risks.
However, long-term fundamentals remain strong:
- Prince Filip Karađorđević (Serbia) predicts an imminent “omega candle” breakout, potentially propelling Bitcoin past $100K.
- Experts caution that sustained rallies typically follow consolidation, not hype-driven spikes.
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FAQ
1. Why are Bitcoin ETF inflows significant?
ETF inflows reflect institutional demand, validating Bitcoin as a legitimate asset class. Consistent inflows signal long-term bullish sentiment.
2. What does 87.3% supply profitability mean?
It suggests most Bitcoin holders are in profit, which historically precedes major price rallies—but extreme euphoria can also indicate near-term corrections.
3. Is $100K Bitcoin realistic soon?
While momentum is strong, $100K likely requires consolidation. Analysts watch for breakout patterns like the “omega candle” cited by Prince Karađorđević.
4. How does retail FOMO impact Bitcoin’s price?
Retail speculation can drive short-term volatility, but institutional accumulation (e.g., ETF inflows) tends to stabilize long-term trends.
Summary: Bitcoin ETFs continue attracting institutional capital, with BlackRock’s IBIT leading inflows. Rising profitability and accumulation signal strength, but retail FOMO warrants caution. The $100K target remains within reach, pending broader market stability.