Bitcoin Spot ETFs Draw $754M in Weekly Inflows as BTC Gains 5%

Bitcoin spot ETFs posted a sharp pickup in demand this week, attracting an estimated $754 million of net inflows as Bitcoin rose about 5%. Market analyst Darkfost said ETF provider wallets received 11,792 BTC over the week, valued at roughly $754 million based on the prices referenced in the post. The tally ranks as the second-best weekly inflow of the year and marks a reversal from the predominantly negative flows seen since May. The renewed buying arrives as traders assess whether Bitcoin has established a floor near $60,000. Analyst Astronomer reiterated a $60,000 bottom call first made in February, arguing that a bottom can form without extreme pessimism and that slow, range-bound price action can exhaust market interest. The view remains a market thesis rather than a confirmed turning point. Another signal is weighing on sentiment. Axel Adler Jr noted that on August 8, BTC traded at $64,952, while the short-term holder Realized Price stood at $67,523, leaving Bitcoin $2,571, or 3.8%, below that cost basis, according to CoinMarketCap data. The gap was described as the narrowest since July 21. Short-term holders are defined as those holding coins for fewer than 155 days. Adler Jr also said Bitcoin had closed below the short-term holder Realized Price 279 times over the past 284 days, a pattern that can increase the likelihood of selling as recent buyers seek to exit near breakeven. The market is now balancing two forces: stronger ETF demand on one side and potential distribution pressure from short-term holders on the other. Continued positive ETF flows could provide support; a return to negative flows would suggest the rebound in demand may be short-lived. Technical projections are inherently speculative and may not reflect future market behavior. This report is for informational purposes only and should not be considered personalized investment advice. Investors should conduct due diligence or seek professional guidance, as crypto markets can be highly volatile.