Bitcoin ETFs See Massive $731M Inflow as Price Crosses $80K

Bitcoin is heating up again after reclaiming the $80,000 mark. US based Bitcoin exchange traded funds recorded a massive inflow of $730.9 million on Thursday. This represents the strongest single day of buying activity for these funds since January.

While the price action has traders excited, some analysts are urging caution. Data from CryptoQuant suggests that new retail demand remains relatively soft despite the institutional interest. Market participants are now focused on whether Bitcoin can break past the next major resistance level at $83,000.

The recent surge in ETF volume shows that institutional appetite remains strong. Traders should keep a close eye on the $83,000 zone, as clearing that hurdle could signal more momentum ahead for the market.