Analysts: ETF inflows provide buying support for Bitcoin

According to Timothy Misir, Head of Research at BRN, the inflow of funds into ETFs has provided the first meaningful buying support in recent days, helping Bitcoin stay within the fragile sideways accumulation range of $84,000 to $90,000.

“The inflow of funds has begun to provide support, but it is not yet decisive,” Misir said. He pointed out that on-chain pressure remains high, with about one-third of the Bitcoin supply still operating at a loss. “Long-term holders and institutions are still selectively increasing their holdings, while the recent sell-off has mainly come from short-term holders.” Furthermore, Misir also mentioned that macroeconomic signals remain complex—including the US Producer Price Index (PPI) meeting expectations—leaving the Federal Reserve's policy path unclear. (The Block)