Bitcoin has traded near $84,000 on Sept. 24 after rejecting the $87,000 area, while wallets holding between 100 and 1,000 BTC accumulated 113,950 BTC and U.S. spot Bitcoin ETFs extended their net inflow streak to five sessions.
Data showed Bitcoin ( $BTC ) at $83,863.54 during the latest check, down 3.8% over 24 hours but up 9.9% over seven days. Trading volume stood near $42.69 billion, while the asset’s market capitalization was approximately $1.685 trillion.
The pullback followed a run to $87,392 on Sept. 21, the highest print since Jan. 29. In related coverage of Bitcoin’s $83,600 Supertrend support test, BTC had already lost momentum after moving above $87,000 and falling back below $85,000.
Bitcoin whales have added 113,950 BTC since July
A crypto analytics platform reported that wallets holding between 100 and 1,000 BTC increased their combined balance by 113,950 BTC from July 15 through Sept. 23. The cohort’s holdings rose 2.22% to approximately 5.24 million BTC during the period. Independent reports citing the same dataset carried matching figures.
The analytics platform described the group as one of the wallet tiers that has tracked crypto market direction closely in its five-year analysis. The firm said accumulation by the cohort has often appeared before or during stronger price periods. Historical correlation, however, does not establish that changes in the group’s balances caused Bitcoin’s subsequent price moves.
Wallet data carries another limitation. An address does not represent a confirmed individual investor because one entity can control several wallets, while exchanges and custodians can move coins among addresses. The figures therefore document rising balances inside the 100–1,000 BTC cohort without proving that a known group of institutions or funds purchased the coins on the open market.
During the same period, Bitcoin recovered sharply from its July 1 low of $57,803, according to market data. The price reached $87,392 on Sept. 21 before retreating toward $84,000 this week.
U.S. Bitcoin ETF inflows have reached five straight sessions
Data from a crypto market analytics provider reported $346.98 million in net inflows for U.S. spot Bitcoin ETFs on Sept. 23. One major asset manager’s Bitcoin ETF led with $166.29 million, followed by another major asset manager’s fund at $143.24 million. A large financial institution’s ETF received $32.41 million, while another investment firm’s Bitcoin ETF took in $5.04 million.
The Sept. 23 total extended the positive run to five trading sessions. The streak included $159.5 million on Sept. 17, $433 million on Sept. 18, approximately $999 million on Sept. 21 and $714.7 million on Sept. 22 before the latest $346.98 million reading. The five sessions brought combined net inflows to roughly $2.65 billion.
Demand during the session extended beyond Bitcoin products. Market data showed U.S. spot Ether ETFs receiving $105 million on Sept. 23, led by two major asset managers’ funds with $50.8 million and $41.3 million, respectively. Another major crypto investment fund recorded approximately $4.1 million in net outflows.