BTC enters October: prices are rising, but capital flows are the real story.

BTC is currently hovering around $84.6K, having touched over $87K at one point during the session.

US spot Bitcoin ETFs recorded approximately $2.65 billion in net inflows in September the second highest level since October 2025.

Notably, in the week ending September 25 alone, these ETFs attracted around $2.4 billion, pushing 2026 Bitcoin ETF flows back into positive territory.

Thus, BTC is rising alongside a resurgence in institutional capital.

However, major variables remain on the horizon: US interest rates, Treasury yields, and the pace of ETF inflows.

Prices are demonstrating strength capital flows will determine whether that momentum can be sustained?