September 22, 19:27

Bitcoin holds above $86,000 as spot ETF inflows near $1 billion

Bitcoin, Ethereum Flat as XRP, Dogecoin Gain on $1B ETF Inflows: 'Real Capital Is Coming Back'

Benzinga

Bitcoin held firmly above $86,000 as U.S. spot Bitcoin ETFs attracted $998.95 million in net inflows on Monday. Spot Ethereum ETFs recorded $269.98 million in net inflows. Bitcoin and Ethereum were flat, while XRP and Dogecoin gained. Coinglass data showed that 93,939 traders were liquidated for $437.68 million in the past 24 hours. Bitcoin Cash, NEAR Protocol and Quant were among the top gainers during that period. Digital asset trader Castillo Trading expects Bitcoin to retest $80,000, although it could first rise toward $89,000. He views declines as buying opportunities rather than a reason to turn bearish. Michael van de Poppe expects a sweep of the $84,000 level, which he considers a potential area for long entries. Trader CryptosBatman cited nearly $1 billion in recent-session Bitcoin ETF inflows as evidence that institutional demand is returning after months of weakness. He said, "Real capital is coming back," and suggested that Bitcoin's bottom may already be in.

This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.