🐂 8 consecutive days of net inflows + institutions increasing their positions—Bitcoin quietly did something big
The ETF has seen net inflows for 8 straight days, and this streak isn’t short.
MicroStrategy added another 1,665 BTC, and institutions keep buying, buying, buying.
But tonight, this “bullish report card” will face the ultimate test from PCE data.
Institutional moves: Bitcoin rebounded to $84,200. Spot ETFs have recorded net inflows for 8 consecutive days. In the second-to-last week of this month, weekly inflows reached $2.4 billion, the best since October last year. Strategy (formerly MicroStrategy) continued adding 1,665 BTC, and the institutions’ total holdings are already quite substantial.
At the same time, macro pressure is still there: the yield on 10-year U.S. Treasuries jumped to 5.293% (a new high since 2007), and the 30-year yield hit 5.62% (a new high since 2002). But even with pressure in the bond market, the DeFi sector—led by Aave—rose against the tide, suggesting there hasn’t been a full-scale withdrawal from risk assets.
💡 How to look at it: Institutions have kept buying consistently, and the price is holding up despite macro pressure—this suggests the current strength isn’t driven purely by sentiment. There’s real capital underpinning it. With expectations for an October rate hike cooling off, tonight’s PCE is key +#PCE month-over-month turning negative, GDP growth slowing to 1.5%, and the three ADP employment-related releases coming out on the same day. Any one item coming in better than expected could disrupt this momentum.
💬 Do you think this wave of consecutive institutional buying can withstand tonight’s data test?
$BTC
$ETH $AAVE #PCE #GDP #ADP
The ETF has seen net inflows for 8 straight days, and this streak isn’t short.
MicroStrategy added another 1,665 BTC, and institutions keep buying, buying, buying.
But tonight, this “bullish report card” will face the ultimate test from PCE data.
Institutional moves: Bitcoin rebounded to $84,200. Spot ETFs have recorded net inflows for 8 consecutive days. In the second-to-last week of this month, weekly inflows reached $2.4 billion, the best since October last year. Strategy (formerly MicroStrategy) continued adding 1,665 BTC, and the institutions’ total holdings are already quite substantial.
At the same time, macro pressure is still there: the yield on 10-year U.S. Treasuries jumped to 5.293% (a new high since 2007), and the 30-year yield hit 5.62% (a new high since 2002). But even with pressure in the bond market, the DeFi sector—led by Aave—rose against the tide, suggesting there hasn’t been a full-scale withdrawal from risk assets.
💡 How to look at it: Institutions have kept buying consistently, and the price is holding up despite macro pressure—this suggests the current strength isn’t driven purely by sentiment. There’s real capital underpinning it. With expectations for an October rate hike cooling off, tonight’s PCE is key +#PCE month-over-month turning negative, GDP growth slowing to 1.5%, and the three ADP employment-related releases coming out on the same day. Any one item coming in better than expected could disrupt this momentum.
💬 Do you think this wave of consecutive institutional buying can withstand tonight’s data test?
$BTC
$ETH $AAVE #PCE #GDP #ADP