BlackRock

Bitcoin ETF

Bitcoin

<p style="text-align: justify"><a href="https://en.coin-turk.com/btc-targets-84000-as-hype-soars-to-all-time-high/" rel="noopener noreferrer nofollow">Bitcoin</a>’s recent rebound has entered a critical phase, coinciding with a surge in demand for US-listed spot Bitcoin exchange-traded funds (ETFs). Over the course of three trading sessions, these funds attracted around $1.1 billion in net inflows, fueling expectations that renewed institutional buying could propel Bitcoin toward the $90,000 mark.</p>
<h2 id="bitcoin-etf-inflows-rise-as-blackrock-and-fidelity-lead">Bitcoin ETF inflows rise as BlackRock and Fidelity lead</h2>
<p style="text-align: justify">Between October 19 and October 21, US spot Bitcoin ETFs tallied nearly $1.075 billion in net subscriptions. The three-day influx reversed much of the outflows seen earlier in the month, which had totaled $680 million.</p>
<p style="text-align: justify">On October 19, the sector reported $526.7 million in net inflows, followed by $23.2 million the next day, and $524.8 million on October 21. Research from Farside Investors shows that BlackRock’s iShares Bitcoin Trust (IBIT) alone received $235 million in new capital on October 21, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) attracted $212.7 million.</p>
<p style="text-align: justify">Together, IBIT and FBTC represented approximately 85% of total Bitcoin ETF inflows that session, highlighting the dominance of these two asset management firms in recent institutional Bitcoin adoption.</p>
<p style="text-align: justify">Despite the strong inflows, daily subscription rates fluctuated sharply. Coinpaper, a cryptocurrency data provider, observed that ETF inflows dropped by about 96% in one session before rebounding, underscoring ongoing volatility in investor appetite.</p>
<p style="text-align: justify">Rising ETF demand alone does not guarantee immediate price gains for Bitcoin, as sales from existing holders may absorb new institutional purchases.</p>
<h2 id="glassnode-pinpoints-85-000-to-87-500-as-key-resistance-zone">Glassnode pinpoints $85,000 to $87,500 as key resistance zone</h2>
<p style="text-align: justify">On October 21, blockchain analytics firm Glassnode identified a crucial resistance band for Bitcoin between $85,000 and $87,500. This zone features overlapping cost bases for recent buyers, a dense cluster of exchange sell orders, and significant futures liquidation points.</p>
<p style="text-align: justify">Data from Glassnode shows that investors who accumulated Bitcoin six to twelve months ago have an average acquisition price around $86,700. Sell orders are concentrated from $86,500 to $87,500.</p>
<p style="text-align: justify">Futures contracts set for liquidation near $85,000 and $87,000 may spark temporary price surges if leveraged short positions are closed, yet these spikes could quickly meet resistance as more investors look to exit at break-even prices.</p>
<blockquote>
 <p>Glassnode’s analysis points out that, despite robust ETF inflows, spot Bitcoin trading volumes remain relatively subdued, indicating that the current recovery has not yet prompted broader market engagement.</p>
</blockquote>
<p style="text-align: justify">A decisive daily close above $87,500—accompanied by increasing spot volumes and continued ETF inflows—would reinforce the bullish scenario, positioning Bitcoin for a potential move toward $90,000.</p>
<table style="border:1px solid #f1e4d8;padding:8px">
 <thead>
  <tr>
   <th>Price Zone</th>
   <th>Key Features</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>$85,000–$87,500</td>
   <td>Resistance: investor entry price, sell orders, futures liquidations</td>
  </tr>
  <tr>
   <td>$80,000–$81,500</td>
   <td>Support: ETF investors’ and companies’ average acquisition price</td>
  </tr>
  <tr>
   <td>$90,000–$94,000</td>
   <td>Additional resistance</td>
  </tr>
  <tr>
   <td>$77,600</td>
   <td>True Market Mean (Glassnode estimate)</td>
  </tr>
 </tbody>
</table>
<p style="text-align: justify">If Bitcoin is rejected near $87,500, the price could retreat toward $82,000 and potentially test the support range between $80,000 and $81,500. Glassnode calculates that the average acquisition prices for ETF investors and corporate treasuries cluster near those zones, which may act as a buffer against deeper losses. A daily close below $80,000, however, could weaken the current recovery and bring the True Market Mean at $77,600 into focus.</p>
<h2 id="federal-reserve-policy-and-institutional-forecasts">Federal Reserve policy and institutional forecasts</h2>
<p style="text-align: justify">An upcoming policy decision from the Federal Reserve, expected on October 28, remains a significant potential catalyst for market direction. Coinpaper earlier highlighted that tighter monetary policy could weigh on Bitcoin’s recent momentum.</p>
<p style="text-align: justify">Citigroup, one of the world’s largest financial services corporations, maintains a longer-term optimistic outlook for Bitcoin, citing a potential future price of $113,000. However, this forecast reflects an extended institutional expectation rather than an immediate end-of-year target.</p>
<p style="text-align: justify;background: linear-gradient(135deg,#ffffff 0%,#fffdf9 100%);border:1px solid #f1e4d8;border-left:4px solid #F69434;padding:14px 16px;border-radius:12px;color:#1e293b;font-size:15px;line-height:1.7">Mini dictionary: Glassnode, a blockchain analytics platform, provides in-depth market metrics by analyzing blockchain data such as cost basis, trading volume, and liquidation clusters to assess investor behavior and market trends.</p>
<p>The post <a href="https://en.coin-turk.com/bitcoin-etfs-record-1-1-billion-inflow-as-87500-resistance-looms/" rel="noopener noreferrer nofollow">Bitcoin ETFs record $1.1 billion inflow as $87,500 resistance looms</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin ETFs record $1.1 billion inflow as $87,500 resistance looms

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