Bitcoin ETF Inflows Turn Positive at $159M as Fewer Holders Sit at a Loss

• Bitcoin ETF Inflows returned to positive territory, supporting the Bitcoin price as Bitcoin bear market concerns ease, while signs of Bitcoin recovery could shape the Bitcoin future outlook
• US spot Bitcoin ETFs recorded $159.5M in net inflows on September 17, led by BlackRock’s IBIT with $183.7M
• CryptoQuant says fewer Bitcoin holders are sitting on unrealised losses, suggesting the risk of a broader bear market may be becoming less pronounced

Bitcoin has lately been experiencing heavy volatility. The broader macro economics conditions have not been particularly favourable for the asset. At the same time, the clarity act setback has added another layer of pressure to the asset. Bitcoin price was down below $76K when the Clarity Act failure hit the mainstream attention. However, Bitcoin has managed to hold up despite the recent pressure. Bitcoin ETF inflows have returned to its positive stage after two straight days of heavy outflows, giving the market some relief.

Also Read: SEC Tokenized Equity Trading Gets 5-Year Exemption, S&P Global Buys OpenZeppelin

Bitcoin ETF Inflows Return

The latest Bitcoin ETF inflows are coming back after reporting heavy outflows. Spot bitcoin ETFs recorded $450.3M in outflows on September 15 and $296M on September 16. However, the recent statistics are telling a different story. Bitcoin’s spot ETFs recorded $159.5M in net inflows on September 17. BlackRock’s IBIT led the inflows, recording $183.7M. Fidelity on the other hand recorded $16.6M worth of outflows at the same time. Other than that, VanEck’s HODL recorded $7.6M in outflows, reporting mixed sentiment.

This return of positive inflows is important because it shows that demand for Bitcoin ETFs has not disappeared despite the recent market pressure. It also gives the market some relief after two days of heavy outflows.

Bitcoin price has remained under pressure as multiple macroeconomic outlooks continue to hit the asset. With elevated oil prices and the Fed’s latest decision to raise rates, Bitcoin’s future outlook is still in need of solid market support.

Also Read: XRP Price Holds at $1.30 as Ripple Adds Stripe-Tempo AI Payments, Franklin ETF Pulls $3.5M

Bitcoin Bear Market Risk Eases

Another leading development that is pointing towards Bitcoin’s stable recovery is the data of Bitcoin holders themselves. Per the latest CryptoQuant report, fewer Bitcoin holders are now sitting at unrealised losses. The platform sees this as a sign that the risk of a return to a broader Bitcoin bear market is becoming less pronounced.

In simpler terms, this development refers to how Bitcoin is worth less than the price at which it was purchased. When fewer holders are in this position, there may be less pressure from investors to sell their Bitcoin after recovering their losses.

However, this does not guarantee that Bitcoin will continue moving higher. CryptoQuant has also pointed to $81,700 as an important resistance level, followed by $83,600 and $88,700. Bitcoin would need to move through these levels for a stronger recovery to take shape.

The bitcoin future outlook largely depends on steady Bitcoin ETF inflows and demand. For now, the latest ETF data and the decline in underwater holders offer some positive signs, but it is still too early to say that Bitcoin has fully moved past its recent risks.

Also Read: Crypto Wealth Hits 742M Holders as Vitalik Makes 90% Net Worth Bet on Crypto Security