🚨 BTC HAS THE ETF MONEY BUT THERE’S STILL A WALL
Bitcoin’s institutional demand story just got stronger.
U.S. spot Bitcoin ETFs recorded $190.7M of net inflows on September 24, extending the buying streak to six consecutive sessions. The six-session run has brought in roughly $2.84B.
But here’s the interesting part:
ETF demand is rising while BTC is still struggling to reclaim the upper part of this week’s range.
BTC is trading around $84K, while the recent rally was rejected near $87.3K.
📊 LEVELS I’M WATCHING
🟢 $83K area → key short-term support
🔴 $87.3K area → recent rejection zone
⚠️ Below $83K → the bullish setup becomes more vulnerable
The broader trend is still constructive, but momentum indicators are mixed. Daily RSI is around 65, while shorter-term readings are considerably weaker.
That tells me one thing:
Demand is real but demand alone doesn’t guarantee a breakout.
If ETF inflows remain strong and BTC reclaims the $87K area with convincing volume, the market could get another confirmation signal.
If price keeps failing there despite continued ETF buying, that divergence deserves attention.
Is this accumulation before the next leg higher or is $87K becoming a serious supply wall?
Follow QuantVanta for verified crypto developments and market analysis.
$BTC
#BTC #Bitcoin #Crypto #etf
Bitcoin’s institutional demand story just got stronger.
U.S. spot Bitcoin ETFs recorded $190.7M of net inflows on September 24, extending the buying streak to six consecutive sessions. The six-session run has brought in roughly $2.84B.
But here’s the interesting part:
ETF demand is rising while BTC is still struggling to reclaim the upper part of this week’s range.
BTC is trading around $84K, while the recent rally was rejected near $87.3K.
📊 LEVELS I’M WATCHING
🟢 $83K area → key short-term support
🔴 $87.3K area → recent rejection zone
⚠️ Below $83K → the bullish setup becomes more vulnerable
The broader trend is still constructive, but momentum indicators are mixed. Daily RSI is around 65, while shorter-term readings are considerably weaker.
That tells me one thing:
Demand is real but demand alone doesn’t guarantee a breakout.
If ETF inflows remain strong and BTC reclaims the $87K area with convincing volume, the market could get another confirmation signal.
If price keeps failing there despite continued ETF buying, that divergence deserves attention.
Is this accumulation before the next leg higher or is $87K becoming a serious supply wall?
Follow QuantVanta for verified crypto developments and market analysis.
$BTC
#BTC #Bitcoin #Crypto #etf
