Bitcoin worth motion has gone fully vertical this week. Bitcoin is buying and selling round $77,700, up 8.3% over the previous 24 hours and 23.8% over seven days, as its ETF information turns bullish. It has additionally pushed its market cap above $1.55 trillion.
The transfer comes after BTC broke by $75,000 throughout Friday’s Asian session. It later pushed towards $78,000 as consumers continued to chase the breakout.
That is not the identical Bitcoin market that was struggling round $64,000 earlier this month. Momentum has flipped rapidly, and the most recent ETF knowledge offers bulls and the information another excuse to remain .
Bitcoin ETF Flows Flip Again Optimistic Regardless of Bearish Information Earlier
The 12 US spot Bitcoin ETFs recorded $600 million in internet inflows on August 20. That was a much bigger influx than the earlier periods, extending the latest run of optimistic flows.
The August 20 determine adopted inflows of $297.5 million on August 17, $186.4 million on August 18, and $517 million on August 19. That places the three-day influx whole by August 19 at greater than a billion.
BItcoin ETF, Coinglass
The most recent session was led by IBIT, which recorded over $500 million in inflows. The broader ETF group remained optimistic regardless of the a lot smaller every day determine.
That is general optimistic for the market that had simply gone by a brief interval of ETF weak spot. The funds posted outflows on August 12, 13, and 14 earlier than consumers returned the next week.
Now Bitcoin is buying and selling at ranges not seen since earlier within the yr. CoinGecko reveals BTC up 24% over the previous seven days, with every day buying and selling quantity round $66.9 billion.
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Treasury Transfer Provides Gas to the Bitcoin Rally
The most important catalyst seems to have come from the US Treasury, as Treasury Secretary Scott Bessent introduced plans to double long-term bond buybacks. The transfer initially pushed longer-dated Treasury yields decrease and weakened the greenback.
That helped Bitcoin and gold catch a bid. Reuters reported that Bitcoin climbed above $70,000 after the Treasury announcement, whereas crypto-related shares additionally rallied.
There may be additionally a positioning story behind the transfer. Quick liquidations accelerated as Bitcoin ripped increased. Pressured shopping for could make an already sturdy rally transfer a lot sooner, particularly when the value breaks a stage that had capped consumers for weeks.
BREAKING: Bitcoin extends positive aspects to rise above $70,000 for the primary time since June 2nd and levered quick liquidations hit $2.7 billion in 24 hours. pic.twitter.com/vs7NjXPsw1
— The Kobeissi Letter (@KobeissiLetter) August 19, 2026
That creates the massive query now. Is Bitcoin coming into a real pattern reversal, or did the market merely squeeze shorts into a skinny resistance zone?
The reply will doubtless come from what occurs subsequent with ETF flows. The August 20 influx was solely $38.6 million, so bulls nonetheless must show that institutional shopping for can stay constant after the preliminary breakout.
For now, the value chart is doing many of the speaking. Bitcoin has climbed greater than 23% in seven days and is sitting close to $78,000. If BTC can maintain above $75,000 whereas ETF flows stay optimistic, the following psychological goal is clear: $80,000 is again on the menu.
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The submit Bitcoin ETF Information: BTC USD Weekly Surge Comes as ETF Flows Reverse appeared first on 99Bitcoins.
