Bitcoin ETFs Don Post $477M Inflow, $20M Gain as BTC Dey Eye $115K
Spot Bitcoin ETFs carry net inflow of $477.2 million on October 21, reverse four days of withdrawals and lift trading volume to $7.41 billion. After small outflow, ETFs revert to net inflows of $20.3 million on October 23, led by BlackRock’s IBIT ($107.8 M), Bitwise’s BITB ($17.4 M), and Fidelity’s FBTC ($7.2 M), offsetting redemptions from Grayscale’s GBTC and Ark’s ARKB. Meanwhile, spot Ethereum ETFs attract $141.6 million on October 21 but see $127.5 million in outflows on October 23, extending one week retreat. Bitcoin rebound pass $110,000 to $111,200 and hit weekly high of $113,940. If break above $112,000, e fit clear road go $115,800, supported by rising RSI, but if e no fit hold $110,000, e fit test support at $105,000 and $100,000. Steady ETF inflows and trading volume go critical to confirm bullish breakout.
Bullish
Plenty spot Bitcoin ETF money wey dem put for inside—$477.2 million for October 21 and another $20.3 million for October 23—join with di yawa wey dey happen for trading and positive RSI momentum, show sey institutional investors dey feel confident sey price go rise. Di rebound pass main levels ($110,000 and $112,000) plus targets near $115,800 show sey short term e get chance to go up more. Even though Ethereum ETFs get money wey move comot, e no too affect Bitcoin chance. Di continuous ETF money wey dey go in plus trading volume fit help make di price breakthrough happen for short and long term.