Bitcoin ETFs Draw $2.7B Inflows as BTC Tops $115K
Spot Bitcoin ETFs saw net inflows of $2.71B in the week ending Oct. 10, led by BlackRock’s iShares Bitcoin Trust (IBIT) with $2.63B. IBIT’s assets under management rose to $94B, driving renewed institutional demand for regulated crypto exposure. October inflows have topped $5B, with daily net buys except a $4.5M outflow on Oct. 10. Bitcoin briefly dipped below $110K on US–China tariff concerns but rebounded to trade above $115K as 24-hour volume jumped 15% to $92B. Data from CryptoQuant shows Binance’s liquidity stress index at 0.2867, its highest since early 2025, highlighting potential execution risks amid stop-loss triggers and leveraged liquidations. Funding rates across derivatives markets fell to bear-market lows, with over $20B in positions liquidated before open interest rebounded to $74B. Traders will monitor daily ETF flows and IBIT’s AUM for directional cues. Continued Bitcoin ETFs inflows could sustain upward momentum.
Bullish
Heavy inflows into Bitcoin ETFs, led by IBIT, show strong institutional appetite that supports short-term price stability and upward momentum. High AUM and consecutive inflows reduce selling pressure and may tighten liquidity, especially with elevated stress on Binance. Lower funding rates and liquidations could clear crowded short positions, laying groundwork for further gains. If BTC holds above key support near $112K, these trends may sustain a bullish trajectory toward $150K by the quarter’s end. However, macro uncertainties and potential profit-taking could introduce volatility.