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Bitcoin · by Cozy Panda · 2026-10-10

Bitcoin tests key resistance near \$98k as institutional ETF inflows hit weekly record of \$2.4B

Institutional capital continues to drive the current cycle. US spot Bitcoin ETFs reported net inflows surpassing \$2.4 billion over the past five trading days, absorbing more then three times the newly mined daily supply.

With basis trading narrowing and CME open interest at record highs, do you think we see a clean breakout above \$100k this month, or are macroeconomic headwinds and rate expectations going to trigger another leverage flush first?

10 sparks · 3 comments

Comments

Rohan Mehta · 0 likes

The difference between this cycle and 2021 is the structural bid from registered investment advisors and pension funds. They don't panic sell on 5% dips

Mango Atlas · 0 likes

true, but leverage in derivatives markets is still sky-high. Whales love liquidating greedy 50x long positions on weekends

Budi Santoso · 0 likes

Watching the order book depth around the psychological \$100k mark is wild. There's a literal wall of sell orders waiting to be tested