Bitcoin ETF Inflows Rise, but Fed Uncertainty Caps Recovery

| coinpaper.com
Bitcoin traded near $79,700 on October 27 after US spot Bitcoin ETFs drew $110.3 million on Monday, ending two days of outflows totalling $773.4 million. All of that day’s inflow went to BlackRock’s IBIT, while the funds remained net sellers for October at that point. Inflows strengthened later in the week: US spot Bitcoin ETFs attracted about $137.3 million on October 28, bringing their three-day total to roughly $423.7 million. BlackRock’s fund accounted for about $136 million of the latest daily inflow. The buying partly offset earlier withdrawals, but Bitcoin still struggled to hold above $80,000 and the renewed demand had yet to deliver a sustained price recovery. The Federal Reserve held rates at 3.75%–4.00% on October 28 and left the possibility of further tightening open. Elevated Treasury yields and uncertainty over rates may weigh on risk assets, while derivatives positioning and selling by existing holders could amplify volatility. For traders, $80,000–$82,000 is a key support area, while reclaiming the $81,000–$83,000 range would improve Bitcoin’s near-term outlook. A sustained break above $83,000 could put $85,000–$86,000 in view. A fall below $77,000 would make $75,000 and potentially $73,000 levels to watch. These are conditional technical scenarios, not guaranteed targets.
Neutral
The immediate price signal is mixed. Renewed spot Bitcoin ETF inflows, including three consecutive days of net buying, can provide incremental demand and help absorb selling. However, Bitcoin’s difficulty holding above $80,000 suggests that ETF demand has not yet overcome broader market pressure. The Federal Reserve’s decision to keep rates at 3.75%–4.00% while leaving further tightening possible, alongside elevated Treasury yields, may limit risk appetite. Derivatives positioning and selling by existing holders also leave room for sharp moves in either direction. In the short term, traders may focus on whether Bitcoin can hold the $80,000–$82,000 area and reclaim $81,000–$83,000. A sustained move above $83,000 could improve momentum and bring $85,000–$86,000 into view; a break below $77,000 could expose $75,000 and $73,000. These levels are conditional, not predictions. Over the longer term, persistent ETF inflows could support Bitcoin by adding a source of spot demand, but their effect depends on whether buying broadens beyond one large fund and continues amid macroeconomic uncertainty. With supportive flows offset by unresolved rate and price risks, the overall impact on Bitcoin is neutral.