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Bitcoin ETFs Log First-Ever Back-to-Back $1B+ Inflows, What’s Next For BTC Price?

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For the second straight week, Bitcoin ETFs have absorbed over $1 billion in total inflows. Total holdings now exceed $150 billion showing that we’ve officially hit the coveted “banana zone.” Anything is possible in this market.

Moreover, we’re seeing Wall Street’s crypto skepticism is collapsing in real time.

The inflow spike comes as markets wobble on Fed policy and global uncertainty. btc logoBTC ▲3.60% is behaving like a pressure valve.

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DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy This Year

Bitcoin ETFs  Hit $1 Billion for Second Straight Day

The lion’s share of Friday’s $1.03 billion haul went to BlackRock’s IBIT, which raked in $953.52 million alone. Other notable inflows:

  • Ark 21Shares’ ARKB: $23.51 million

  • Grayscale’s Bitcoin Mini Trust: $20.93 million

  • VanEck’s HODL: $20.01 million

  • Bitwise’s BITB: $6.41 million

Not a single fund posted outflows, marking six straight days of net-positive activity. With BTC at $122,000, now confirming a golden cross, we will likely see several new AThs this week.

“Bitcoin has entered ‘crisis mode’… Rates are rising, the USD is down 11% in six months, and crypto is up $1 trillion in three months.” – Kobeissi Letter

Bitcoin Price Hits New Highs, Traders Eye $135K–$145K Targets

Bitcoin briefly topped $123,000, logging a $10,000 surge over the past week and fueling optimism that the bull run has room left to climb. According to Material Indicators co-founder Keith Alan, a long-term technical breakout is playing out.

Trader sentiment remains bullish, with 99Bitcoins analysts forecasting more upside:

 Contrary to popular thought, BTC’s 14% July gain is consistent with historical averages. CoinGlass data notes July has routinely delivered 20%+ returns, with gains front-loaded in the first two weeks of the month.

Altcoins and Bitcoin Dominance: A Shifting Landscape

Bitcoin may be rallying, but the backdrop is the $316 billion deficit in May, looming inflation, and overdue rate cuts.

At the same time, Bitcoin’s grip on the market is softening. Altcoins are gaining ground with Sui, Sei, and Hydra representing some of the largest gainers. Yet with ETFs soaking up billions, BTC still sits at the top of the institutional food chain.

Bitcoin is behaving like a full-fledged crisis hedge. With the US dollar sliding, inflation data looming, and debt exploding, investors are responding by piling into BTC.

If ETF flows and technicals hold, $135K–$145K looks like the next price target. It might be an easier climb for Bitcoin to $500,000 than it was to $100,000.

EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress

Key Takeaways

  • For the second straight week, Bitcoin ETFs have absorbed over $1 billion in total inflows.
  • It might be an easier climb for Bitcoin to $500,000 than it was to $100,000.

The post Bitcoin ETFs Log First-Ever Back-to-Back $1B+ Inflows, What’s Next For BTC Price? appeared first on 99Bitcoins.

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