Bitcoin Reclaims $80,000 Mark on Spot ETF Inflows! Is This a Real Rebound This Time?

▲ Bitcoin (BTC) Exchange Traded Fund (ETF) ©CoinReaders

Bitcoin (BTC) has reclaimed the $80,000 mark, driven by strong spot ETF inflows, entering a new upward phase led by institutional capital.

According to cryptocurrency market data aggregator CoinMarketCap on May 10 (local time), Bitcoin's price surpassed $81,000 during intraday trading, reaching a three-month high. This surge occurred immediately after approximately $500 million to $1 billion in capital flowed into US spot ETFs over two days. Notably, on a specific trading day when the price exceeded $81,000, a single inflow of $467.4 million drove market buying.

Institutional demand has shown a full-fledged recovery since last month. The net inflow into Bitcoin spot ETFs for April alone totaled approximately $1.97 billion, representing the strongest trend in recent months. As a result, overall ETF demand for the year has successfully turned positive again, with cumulative net assets flowing into US spot ETFs since their launch reaching approximately $59 billion, and total assets surpassing $100 billion.

This trend is being led by BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund. Experts analyze that as regulated ETFs become a key gateway for institutional investors, the supply of liquidity from exchanges is decreasing, intensifying the supply shortage phenomenon. This suggests that Bitcoin is transforming from a mere speculative asset into a stable store of value.

However, some market participants cited profit-taking around the $80,000 mark and macroeconomic variables as cautionary factors. On-chain data indicates that real demand is not keeping pace with ETF inflows, and inflation indicators, the US Federal Reserve's policy stance, and geopolitical risks in the Middle East could affect investor sentiment. Technically, the upper $70,000 range has been established as a major support level, and further upside depends on the sustained nature of ETF inflows.

In conclusion, this breakthrough past $80,000 adds to market confidence because it is based on structural inflows of institutional capital, rather than speculative buying by individual investors. The future direction of the Bitcoin market is expected to be determined by the strength of ETF inflows and the stability of the macroeconomic environment.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses incurred based on it. The content should be interpreted for informational purposes only.*