Bitcoin Price Could Fall To $72.5K Before Next Rebound — Here’s Why
Bitcoin's price could fall to $72,500 before rebounding, according to analysis.
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Bitcoin ETFs Post 5-Week Buying Streak as Hedges Unwind, Institutional Appetite Returns
TL;DR
U.S. spot Bitcoin ETFs have seen $3.8 billion in inflows over five weeks, reaching a record total of $108.76 billion in net assets. Institutional demand is returning as traders unwind downside hedges, with Bitcoin's next resistance at $85,200.
Key points
- U.S. spot Bitcoin ETF inflows total $3.8 billion over five weeks
- Total net assets of U.S. spot ETFs reach $108.76 billion
- Bitcoin's next key resistance is at $85,200
In brief
- U.S. spot Bitcoin ETF inflows totaling $3.8 billion pushed total net assets to a record $108.76 billion.
- The 25-delta skew is compressing to near-zero as traders unwind downside protection built up during the bear phase.
- Bitcoin’s upside is capped at $85,200, which is the next key resistance, per Glassnode analysts.
U.S. spot Bitcoin ETFs have recorded five consecutive weeks of positive inflows as downside hedges unwind across derivatives markets, signaling a broadening return of institutional demand.
Net inflows for the current week, ending May 6, reached $1.05 billion, bringing the cumulative total across the five-week streak to approximately $3.8 billion, according to SoSoValue data. Total net assets held by U.S. spot ETFs now stand at $108.76 billion—a record.
Bitcoin has dropped 1.3% and is trading at around $81,100, according to CoinGecko data. The leading crypto has given gains back to the market, dropping after Wednesday’s Iran peace deal news pushed it to a local top of $82,500.
Institutional appetite returns
Institutions are returning for three identifiable reasons: the expected resolution of U.S.-Iran hostilities, an AI-driven equity rally, and anticipated cryptocurrency legislation in Washington, according to Jeff Mei, COO of BTSE.
“Of these three, the pending passage of the CLARITY Act is most likely to be driving institutional buying as it reduces regulatory hurdles and paves the way for much broader crypto adoption,” Mei told Decrypt.
The inflow streak coincides with a structural shift in derivatives and options positioning.
The 25-delta skew—a measure of the premium traders pay for purchasing puts or bearish bets for downside protection—is compressing toward neutral across tenors, with the one-week skew approaching zero, according to Glassnode’s Thursday report.
After months of persistent put-premium, protection is being unwound rather than added, suggesting an easing of cautious behavior.
Q&A
What are the recent inflows for U.S. spot Bitcoin ETFs?
U.S. spot Bitcoin ETFs recorded net inflows of $1.05 billion for the week ending May 6, totaling approximately $3.8 billion over the past five weeks.
What is the current total net asset value of U.S. spot Bitcoin ETFs?
The total net assets held by U.S. spot Bitcoin ETFs have reached a record $108.76 billion.
What is the next key resistance level for Bitcoin?
According to Glassnode analysts, Bitcoin's next key resistance level is capped at $85,200.
