coin-img-ETHETH+2.43%coin-img-BTCBTC+3.16%coin-img-SOLSOL+1.64%coin-img-TONCOINTONCOIN+34.80%coin-img-SLINKSLINK-56.50%coin-img-USDCUSDC+0.00%coin-img-XRPXRP+1.22%coin-img-HYPEHYPE+4.78%coin-img-ETHETH+2.43%coin-img-BTCBTC+3.16%coin-img-SOLSOL+1.64%coin-img-TONCOINTONCOIN+34.80%coin-img-SLINKSLINK-56.50%coin-img-USDCUSDC+0.00%coin-img-XRPXRP+1.22%coin-img-HYPEHYPE+4.78%coin-img-ETHETH+2.43%coin-img-BTCBTC+3.16%coin-img-SOLSOL+1.64%coin-img-TONCOINTONCOIN+34.80%coin-img-SLINKSLINK-56.50%coin-img-USDCUSDC+0.00%coin-img-XRPXRP+1.22%coin-img-HYPEHYPE+4.78%coin-img-ETHETH+2.43%coin-img-BTCBTC+3.16%coin-img-SOLSOL+1.64%coin-img-TONCOINTONCOIN+34.80%coin-img-SLINKSLINK-56.50%coin-img-USDCUSDC+0.00%coin-img-XRPXRP+1.22%coin-img-HYPEHYPE+4.78%

Bitcoin Tops $81,000 as Spot ETF Inflows Hit $530 Million

Bitcoin extended its rally above $80,000 and briefly traded past $81,000, as renewed demand for exchange-traded funds pushed total crypto market capitalization to $2.67 trillion, according to CoinDesk. The strongest near-term signal came from the ETF channel. On May 4, net inflows into Bitcoin ETFs exceeded $530 million, led by BlackRock's IBIT. The surge capped a strong start to May and marked a sharp turn from late-April outflows, lifting risk appetite. Ethereum is seeing a similar, but smaller, pickup. Data from Farside Investors show Ethereum ETFs recorded $61 million in inflows, while broader institutional allocation continues to concentrate in the most liquid assets. Outside Bitcoin, flows remain selective rather than a full rotation into smaller tokens. Solana has posted modest inflows via an ETF structure, and XRP has drawn limited but steady institutional interest. The Altcoin Season Index stays below neutral, underscoring Bitcoin's ongoing market leadership. Derivatives activity cooled even as prices climbed. Coinglass data show total crypto liquidations reached $370 million, including $223 million from short positions. Funding rates and open interest are stabilizing, pointing to easing speculative pressure—a setup that can support more durable gains. Sentiment indicators remain measured. The Fear & Greed Index is still in neutral territory despite the breakout, suggesting the market is not yet overheated. RSI readings are also balanced, with no clear overbought or oversold signals. Near-term direction is increasingly tied to ETF flows and macro signals. Continued institutional buying could help defend current levels and support further upside, though consolidation may emerge around key resistance zones. Amid heightened uncertainty and volatility, investors are paying closer attention to custody and security. For a deeper look at protection options, see the article "Best Crypto Wallets of 2026", which compares solutions by security, convenience, and functionality.
Selected
BTC
BTC+3.14%
ETH
ETH+2.47%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.