Bitcoin Price Holds Steady as Spot Bitcoin ETFs Gain $363M, Extending 12-day Inflows to $6.6B

The Bitcoin price has dipped a fraction of a percentage in the last 24 hours, to trade at $118,014.57, on a 39.63% drop in the daily trading volume to $45.7 billion.

Bitcoin Price Holds as Institutional Demand Drives ETF Growth

Bitcoin remains stable as a wave of investments continues flowing into spot Bitcoin exchange-traded funds (ETFs). On Friday alone, these funds brought in $363 million, marking the 12th straight day of gains.

Over these two weeks, Bitcoin ETFs have seen a total of $6.6 billion in net inflows, showing that interest from both institutions and regular investors remains strong.

This streak of inflows highlights growing trust in Bitcoin’s long-term potential. More investors, especially large institutions, are showing confidence in spot Bitcoin ETFs as a safer and more accessible way to gain exposure to Bitcoin.

These funds now manage a combined total of over $152 billion in assets, a new milestone in the crypto space. Some of the largest net inflows have gone into the iShares Bitcoin Trust by BlackRock and Fidelity’s Wise Origin Bitcoin Fund, showing that big-name players are leading the push.

ETFs offer a simple way for investors to gain exposure to Bitcoin without the need to hold or secure the cryptocurrency directly, which removes much of the technical complexity and risk.

The consistent rise in Bitcoin ETF investments suggests that more people now view Bitcoin as a reliable and long-term store of value. News that more traditional investors are entering the space, which often brings more regulation and transparency, could boost confidence even further.

Bitcoin Price Action Remains Stable Amid Inflows

Technically, Bitcoin remains in a healthy zone. The BTCUSD trading pair is currently trading at $117,903 on the daily chart, and is still consolidating above both its 50-day and 200-day Simple Moving Averages (SMAs), at $109,0155 and $98,225, reinforcing its broader bullish trend.

With immediate supports lying at the $110,000–$113,500 range, a deeper pullback could find buying interest at $104,000. The next psychological barrier is at $123,218, with further resistance near the $125,000–$130,000 region.

BTCUSD Analysis Source: Tradingview

Meanwhile, indicators like the Relative Strength Index (RSI) at 65.2 suggest Bitcoin isn’t overbought, meaning there may still be room for another move upward if positive momentum continues.

The Average Directional Index (ADX) at 28.03 still points to a powerful uptrend. While MACD also remains in positive territory, with the MACD line at 2,965 and the signal line at 161, indicating room for continuation once selling pressure decreases. The MACD histogram seems to be flattening, signalling a weak momentum.

Bitcoin is holding its ground while more and more money flows into ETFs. This shows strong support from investors and could be a sign that Bitcoin is entering a more mature and stable phase in its growth.