ETF inflows hit $860 million, so why isn’t BTC moving up? Over the past 5 trading days, BTC spot ETFs saw a net inflow of approximately 13,532 BTC, equivalent to about $860 million, yet the price still hasn’t stabilized above $65,000. The money didn’t disappear—it was absorbed by selling pressure. The $65,000 to $66,000 range is a previous high-volume trading zone. Trapped positions and short-term funds are cashing out, while ETF buying also has to absorb miners, long-term holders, and institutional rebalancing. This data tells us two things: Without ETF support, BTC might have already dropped back to $62,000–$63,000. But the fact that even with such large inflows it still can’t break $65,000 shows there’s heavy selling pressure above. In the short term, focus on two key levels: - If it stabilizes above $65,800, look for $66,600 to $67,500 - If it breaks below $64,000, watch for $63,200, and if that fails, $62,500 It’s not that no one is buying right now—it’s that the buying is temporarily being absorbed by selling. The real sign of strength will be when similar ETF inflows start driving the price upward.