Bitcoin ETFs Add 7,869 BTC in Day, Bullish Signal?

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Oh, darling, gather ’round! It seems our dear U.S. spot Bitcoin ETFs have decided to throw a rather lavish soirée, welcoming a staggering 7,869 BTC into their glittering fold last Friday. One must say, the market is positively abuzz! 🥂

According to the ever-so-reliable on-chain analytics firm Glassnode, this delightful influx marks the largest single-day net positive inflow since April 29. How charming! And, as if that weren’t enough, the seven-day SMA is trending higher, suggesting that institutional demand is on the rise. One might even say it’s a bullish signal for Bitcoin—how positively thrilling! 💃

Last Friday, US Spot #Bitcoin ETFs just recorded one of the largest net positive flows YTD – 7,869 $BTC – marking the biggest daily inflow since April 29. The 7-day SMA is also trending higher, signaling a sustained uptick in institutional demand:

— glassnode (@glassnode) May 26, 2025

Now, let’s not forget the broader crypto market, which seems to be in a rather jolly mood. According to the latest CoinShares data, digital asset investment products saw a delightful inflow of $3.3 billion last week, bringing the six-week inflow streak to a staggering $10.5 billion. One can hardly keep up! 💰

Leading the charge, our beloved Bitcoin attracted a princely sum of $2.9 billion, accounting for a quarter of total inflows in 2024. Meanwhile, some rather cheeky speculators have taken the recent price advances as an opportunity to short Bitcoin, raking in $12.7 million—the largest weekly inflow since December 2024. Oh, the audacity! 😏

Bitcoin Price Rebounds

In a dramatic turn of events, Bitcoin has made a rather dashing recovery, bouncing back to just under $110,000 on Monday after a weekend sell-off. It seems the global risk markets are feeling a bit more chipper, with U.S. and European equity futures up more than 1%. How delightful! 🎉

Over the weekend, our dear Bitcoin took a tumble from around $111,000 to a rather dismal low of $108,600, wiping out over $500 million in long liquidations across the crypto market. But fear not, for the tone has shifted early Monday, and BTC is now up 2.68% in the last 24 hours, sitting pretty at $109,751—up 7% weekly. If Bitcoin manages to end today in the green, it will be the third consecutive day of gains since May 24. Bravo! 👏

Let us not forget the recent record high of nearly $112,000 on May 22, a rather slow climb fueled by increasing institutional ownership and corporate adoption. One must say, the drama of it all is simply riveting! 🎭

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2025-05-26 16:38