š„ After Bitcoin spot ETFs pulled $2.39 billion last week, yesterday they still had only $31.07 million left
š Background: U.S. Bitcoin spot ETFs saw net inflows of $2.39 billion last week, the largest since the week of Oct 10, 2025, and also exceeding this yearās August previous high of $1.92 billion. After adding another $134.5 million on Friday, year-to-date totals flipped from roughly -$5.55 billion in early July to about +$926 million (SoSoValue, Cointelegraph Sept 28). But daily momentum has clearly slowed: after approaching $1 billion on Monday, the price pulled back from above $871,000; on Sept 28 (U.S. Eastern), net inflows were just $31.07 million, still with net inflows for 8 straight days. BlackRock alone took in $54.84 millionāhigher than the total across the rest of the field (SoSoValue, PANews Sept 29). On Tuesday afternoon, Bitcoin was around $83,258 (Binance spot), about -0.32% for the day, with an intraday low of $82,563. Ethereum was about +0.39%, while Binance Coin was about -1.96%. Total market cap is about $2.86 trillion; over the past 24 hours itās still about -2.39%, with BTC accounting for about 58.4% (CoinGecko).
š In-depth interpretation:
1ļøā£ Weekly charts hit a nearly 1-year highābut that doesnāt mean this week is still adding aggressively. Ethereum spot ETFs had net inflows of about $690 million last week, reversing roughly $140 million outflows from the week prior. Even yesterday they still saw net inflows of $17.09 million, continuing the streak for 7 days. The channel hasnāt closedāmomentum has shifted from near-$1 billion daily ārush buyingā to scaled-down continuation inflows.
2ļøā£ The price is digesting the surge; it isnāt a trend reversal. Bitcoin is still up more than 40% this quarter and could deliver the best Q3 since 2017; since 2013, the average Q3 gain has been only about 8.6% (Cointelegraph). The spot ETF holdersā cost basis is around $86,000, while the cost basis for publicly listed companiesā reserves is about $80,500. The $82.6k to $83.0k range looks more like a pullback to the cost area than a break of the weekly structure.
3ļøā£ On Wednesday, the market handed back both the September monthly close and the Q3 close. Resistance above is the yearās opening level of around $88.7k; support below is the composite cost of active investors at about $76.7k. On the same day, thereās U.S. inflation dataāshort-term volatility may amplify, but it doesnāt change the fact that the $2.39 billion from last week has already entered the market.
š” View: This is a three-way divergence between āweekly flood peak vs daily reduced-volume buying vs price pullback.ā Institutions are still buying spot through the ETF channel; theyāre just no longer using the near-$1 billion daily pace to chase $87k.
šÆ Recommendation: For the short term, treat the $82.6k area as the structural bottom of this leg of pullback. If continuous inflows are interrupted, then view any rebound as a rebalancing move. For the medium term, watch whether spot ETFs can turn the reduced-volume continuation inflows into a second wave rather than writing the pullback as the end of the trend. Wednesdayās close and inflation are volatility switches, not position switches.
Data sources: SoSoValue, PANews, Cointelegraph, CoinGecko, Binance spot (as of Sep 29, 2026, 13:05 UTC+8)
#ę·±åŗ¦ #čµéęµå #ęÆē¹åø $BTC
š Background: U.S. Bitcoin spot ETFs saw net inflows of $2.39 billion last week, the largest since the week of Oct 10, 2025, and also exceeding this yearās August previous high of $1.92 billion. After adding another $134.5 million on Friday, year-to-date totals flipped from roughly -$5.55 billion in early July to about +$926 million (SoSoValue, Cointelegraph Sept 28). But daily momentum has clearly slowed: after approaching $1 billion on Monday, the price pulled back from above $871,000; on Sept 28 (U.S. Eastern), net inflows were just $31.07 million, still with net inflows for 8 straight days. BlackRock alone took in $54.84 millionāhigher than the total across the rest of the field (SoSoValue, PANews Sept 29). On Tuesday afternoon, Bitcoin was around $83,258 (Binance spot), about -0.32% for the day, with an intraday low of $82,563. Ethereum was about +0.39%, while Binance Coin was about -1.96%. Total market cap is about $2.86 trillion; over the past 24 hours itās still about -2.39%, with BTC accounting for about 58.4% (CoinGecko).
š In-depth interpretation:
1ļøā£ Weekly charts hit a nearly 1-year highābut that doesnāt mean this week is still adding aggressively. Ethereum spot ETFs had net inflows of about $690 million last week, reversing roughly $140 million outflows from the week prior. Even yesterday they still saw net inflows of $17.09 million, continuing the streak for 7 days. The channel hasnāt closedāmomentum has shifted from near-$1 billion daily ārush buyingā to scaled-down continuation inflows.
2ļøā£ The price is digesting the surge; it isnāt a trend reversal. Bitcoin is still up more than 40% this quarter and could deliver the best Q3 since 2017; since 2013, the average Q3 gain has been only about 8.6% (Cointelegraph). The spot ETF holdersā cost basis is around $86,000, while the cost basis for publicly listed companiesā reserves is about $80,500. The $82.6k to $83.0k range looks more like a pullback to the cost area than a break of the weekly structure.
3ļøā£ On Wednesday, the market handed back both the September monthly close and the Q3 close. Resistance above is the yearās opening level of around $88.7k; support below is the composite cost of active investors at about $76.7k. On the same day, thereās U.S. inflation dataāshort-term volatility may amplify, but it doesnāt change the fact that the $2.39 billion from last week has already entered the market.
š” View: This is a three-way divergence between āweekly flood peak vs daily reduced-volume buying vs price pullback.ā Institutions are still buying spot through the ETF channel; theyāre just no longer using the near-$1 billion daily pace to chase $87k.
šÆ Recommendation: For the short term, treat the $82.6k area as the structural bottom of this leg of pullback. If continuous inflows are interrupted, then view any rebound as a rebalancing move. For the medium term, watch whether spot ETFs can turn the reduced-volume continuation inflows into a second wave rather than writing the pullback as the end of the trend. Wednesdayās close and inflation are volatility switches, not position switches.
Data sources: SoSoValue, PANews, Cointelegraph, CoinGecko, Binance spot (as of Sep 29, 2026, 13:05 UTC+8)
#ę·±åŗ¦ #čµéęµå #ęÆē¹åø $BTC