More than $723M has left US Bitcoin ETFs in just two sessions, yet BTC is still trading around $82.45K instead of accelerating lower.
That contrast is what I’m watching.
The flow reversal has been aggressive, but sellers have not been able to turn it into a clean breakdown. Bitcoin dropped from the $85.5K region, then started stabilizing above $82K even as Fidelity and other funds continued to see redemptions.
At the same time, some pressure from traditional markets has eased. Oil pulled back, yields softened and the dollar lost momentum, giving risk assets at least some breathing room.
⚖️ So the market now has a simple test: can BTC keep absorbing institutional selling without losing support?
$82K remains the key floor. Above it, a rebound toward $83.3K–$84K stays realistic. Below it, I would expect yesterday’s lows to come back into play quickly.
The ETF bid may be gone for now.
The real question is whether spot buyers are strong enough to replace it.
Bull Run 🐂