Bitcoin holds thanks to ETFs, but the momentum remains under pressure

Bitcoin ETFs continue to attract significant capital. Indeed, four consecutive weeks of net inflows have just been recorded in the United States. Nearly 2 billion dollars were injected during this period. Thus, institutional demand remains strong despite an uncertain environment. However, the pace remains lower than in previous cycles. Nevertheless, this sequence constitutes the longest series of inflows in 2026. Consequently, these flows directly influence the price of bitcoin.

ETFs flows dominated by BlackRock and increasing concentration

while bitcoin plunged below 69,000 dollars, spot Bitcoin exchange-traded funds (ETFs) listed in the United States have just recorded net inflows totaling about 2 billion dollars.

A significant portion of the inflows comes from a single player. The iShares Bitcoin Trust (IBIT) fund by BlackRock, which, according to SoSoValue data, captures about 1.7 billion dollars. Thus, this concentration reflects a structural evolution of the market. Bitcoin now attracts massive institutional capital.

The platform observes the same net inflow dynamic. However, the accumulation pace remains lower than in previous cycles. Current inflows remain below the strongest phases. Nevertheless, this period marks a trend reversal. It is the longest sequence since August-September 2025.

At that time, more than 3.8 billion dollars had been injected. The current pace is therefore more moderate in comparison. ETFs simplify market access for large institutions. They reduce technical constraints related to direct holding.

A gradual momentum and still measured outlook

However, some analysts urge caution. The current momentum does not guarantee a rapid rise. The Ecoinometrics platform nuances this trend via a post on X:

The direction is now unequivocal, but we are still far from a full recovery, and even in optimistic scenarios, this demand implies a slow rebuild.

Given this, the company suggests a more measured scenario. A target of 80,000 dollars over 30 days appears more plausible. Thus, a gradual progression is favored. A rapid crossing of 100,000 dollars seems less likely. However, a structural change is beginning to emerge. ETF demand is gradually shifting from a drag to a market support. This tipping point marks a significant turning point for Bitcoin. It suggests entering a new cyclical phase.

A supported price but dependent on ETFs flows

Despite macroeconomic tensions, the bitcoin price remains stable and trades around 70,000 dollars. ETF flows directly support this price level. Thus, regular inflows create constant buying pressure.

This mechanism brings Bitcoin closer to traditional financial assets. Flows become a key trend indicator. Institutions regularly adjust their allocations. These decisions directly influence price momentum. However, this stability depends on the continuity of inflows. A slowdown could quickly weaken the market.

Towards a new phase of the Bitcoin cycle

Since their launch in 2024, ETFs have profoundly transformed the market. More than 56 billion dollars have been injected into these products. This momentum is gradually anchoring Bitcoin in global finance. Institutional flows are becoming a structural pillar of the market. In the short term, growth should remain gradual.

Analysts favor moderate scenarios around 80,000 dollars. However, an acceleration will depend on a more massive capital influx. Without this, the rise could remain contained. In the longer term, a cycle change seems underway. ETFs could sustainably redefine Bitcoin‘s trajectory. Thus, the market is entering a more mature phase. Institutional capital now becomes the main driver.