Blackrock Ibit

Bitcoin is trading above key support near $84,000 as institutional demand, spot ETF inflows and rising futures activity continue to underpin sentiment. Technical traders are watching whether BTC/USD can extend its rebound toward the psychological $90,000 level despite higher bond yields and macro risks.

Bitcoin remains supported above the $84,000 area despite pressure from rising bond yields and broader macro risks. Technical traders are watching whether BTC/USD can extend toward $90,000 while key support remains near $82,745.

Bitcoin is trading near its highest level since January after a powerful advance from its July low. ETF inflows, rising futures open interest and bullish technical patterns are keeping market attention on the $91,000 area.

BTC/USD advanced as risk appetite improved, spot Bitcoin ETF inflows recovered, and crude oil prices eased. Technical traders are watching whether Bitcoin can clear resistance near the upper side of a descending channel or slip back toward last week’s low.

Investors sought liquidity from both U.S.-listed spot bitcoin ETFs and private credit funds in the second quarter, underscoring a broader defensive turn across risk assets. Private credit redemption requests reached $15.6 billion, while spot bitcoin ETF outflows neared $5 billion as BTC logged another quarterly decline.

Bitcoin’s July recovery is facing scrutiny after a six-day winning streak gave way to renewed pressure. Weak U.S. demand signals, spot ETF outflows and rising global bond yields are keeping traders cautious despite a more constructive seasonal backdrop.

U.S.-listed bitcoin ETFs recorded $221.7 million in net inflows on Thursday, ending a bruising 10-day run of withdrawals. Fidelity’s FBTC led the rebound even as BlackRock’s IBIT posted an outflow.