#比特币跌破8.4万美元
It takes $235 million a day to push Bitcoin higher. Right now, it’s only $86 million 🦖
💡 群里更新数据解读
U.S. spot Bitcoin ETFs saw more than $1 billion in net inflows over the first three trading days of this week, according to SoSoValue. The market immediately read that as institutions coming back. But CoinDesk reviewed all the data since January 2024 and found that the rallies were actually powered by an average inflow pace of $235 million a day. Right now, it’s only $86 million—less than 40% of that threshold.
Let’s start with the historical data. Across three rallies of more than 50%, ETF net inflows totaled $46.5 billion over 199 trading days, averaging $235 million a day. On 39 of those days, inflows topped $500 million; on six days, they exceeded $1 billion. 📊
Breaking it down makes the picture clearer. From January 23 to March 14, 2024, Bitcoin rose 79%, from $39,900 to $71,400, with average daily inflows of $294 million. From August 5 to December 17, 2024, it climbed 96%, from $54,100 to $106,100, with average daily inflows of $202 million. From April 6 to July 14, 2025, it gained 53%, rising from $78,400 to $119,900, with average daily inflows of $248 million. 💰
Now look at the period since July 1. Bitcoin has risen 39%, from $60,000 to $83,500—a sizable move. But average daily ETF net inflows are only $86 million. Daily inflows topped $500 million on just seven days, or roughly once every 11 trading days. During those three rallies, it happened once every five trading days. There hasn’t been a single day with inflows above $1 billion.
That’s the key point: the price gains and the pace of capital flows have become disconnected. Over the past three-plus months, Bitcoin has risen 39%, but that hasn’t been driven entirely by sustained ETF buying. Short covering, futures leverage, and direct over-the-counter purchases have played a bigger role. The CEO of India’s Giottus put it plainly: institutional demand has only improved modestly, and flows remain choppy. Sustained inflows are needed to confirm a recovery.
My take: $1 billion in a week sounds impressive, but it only partially makes up for the shortfall since July. To confirm a trend, don’t focus on one big daily number—watch for several consecutive days with inflows above $500 million. If they fall back below $100 million next week, this is still a recovery, not a breakout. 📉
Bitcoin is now at $82,800, nearly unchanged over the past 24 hours. The $84,000–$85,000 range above has repeatedly rejected the price over the past two weeks. Do you think this ETF inflow rebound can hold, or is it another false move? Share your thoughts in the comments.
I bring you the latest Bitcoin and crypto market stories every day—not just what’s happening, but the logic and opportunities behind it. 👀🚀
It takes $235 million a day to push Bitcoin higher. Right now, it’s only $86 million 🦖
💡 群里更新数据解读
U.S. spot Bitcoin ETFs saw more than $1 billion in net inflows over the first three trading days of this week, according to SoSoValue. The market immediately read that as institutions coming back. But CoinDesk reviewed all the data since January 2024 and found that the rallies were actually powered by an average inflow pace of $235 million a day. Right now, it’s only $86 million—less than 40% of that threshold.
Let’s start with the historical data. Across three rallies of more than 50%, ETF net inflows totaled $46.5 billion over 199 trading days, averaging $235 million a day. On 39 of those days, inflows topped $500 million; on six days, they exceeded $1 billion. 📊
Breaking it down makes the picture clearer. From January 23 to March 14, 2024, Bitcoin rose 79%, from $39,900 to $71,400, with average daily inflows of $294 million. From August 5 to December 17, 2024, it climbed 96%, from $54,100 to $106,100, with average daily inflows of $202 million. From April 6 to July 14, 2025, it gained 53%, rising from $78,400 to $119,900, with average daily inflows of $248 million. 💰
Now look at the period since July 1. Bitcoin has risen 39%, from $60,000 to $83,500—a sizable move. But average daily ETF net inflows are only $86 million. Daily inflows topped $500 million on just seven days, or roughly once every 11 trading days. During those three rallies, it happened once every five trading days. There hasn’t been a single day with inflows above $1 billion.
That’s the key point: the price gains and the pace of capital flows have become disconnected. Over the past three-plus months, Bitcoin has risen 39%, but that hasn’t been driven entirely by sustained ETF buying. Short covering, futures leverage, and direct over-the-counter purchases have played a bigger role. The CEO of India’s Giottus put it plainly: institutional demand has only improved modestly, and flows remain choppy. Sustained inflows are needed to confirm a recovery.
My take: $1 billion in a week sounds impressive, but it only partially makes up for the shortfall since July. To confirm a trend, don’t focus on one big daily number—watch for several consecutive days with inflows above $500 million. If they fall back below $100 million next week, this is still a recovery, not a breakout. 📉
Bitcoin is now at $82,800, nearly unchanged over the past 24 hours. The $84,000–$85,000 range above has repeatedly rejected the price over the past two weeks. Do you think this ETF inflow rebound can hold, or is it another false move? Share your thoughts in the comments.
I bring you the latest Bitcoin and crypto market stories every day—not just what’s happening, but the logic and opportunities behind it. 👀🚀