The US Spot Bitcoin ETF has reported an impressive inflow of nearly $290 million this week, sparking interest among traders. Despite this significant capital injection, the price of Bitcoin (BTC) has not responded positively to the influx. Current market conditions indicate a resistance level around $95,000, which BTC has struggled to surpass in recent days.
This week, the inflow into the Bitcoin ETF reached a total of $286.6 million by December 12, with BlackRock“s IBIT leading the charge with an influx of $214.1 million. This bullish sentiment from institutions contrasts sharply with the broader market, which has shown signs of weakness, as evidenced by the three major US indices closing lower.
Traders are particularly focused on the implications of recent comments from Federal Reserve officials, who hinted at only one 25 basis point rate cut in 2026. This hawkish stance has contributed to cautious investor sentiment, further compounded by the struggling stock market.
On the ETF front, BlackRock”s contributions have been pivotal. On December 12 alone, the ETF saw an inflow of $49.1 million, primarily driven by BlackRock. In contrast, other issuers did not report significant changes, with only Fidelity“s FBTC experiencing a $2 million outflow.
Despite the positive fund flow into the Bitcoin ETF, BTC”s price dipped over 2% to approximately $92,200 at the time of writing, with trading volume increasing by 16% to $80 billion. The cryptocurrency experienced a 24-hour price range between $89,532 and $92,618. Analysts have identified critical price levels for BTC to monitor, highlighting that breaking through the $99,000 resistance could open the door to a potential target of $122,000. Conversely, substantial support lies at $76,000 and $53,000.
If Bitcoin fails to maintain support above $90,000, analysts predict a possible pullback, indicating that the current market dynamics necessitate vigilant monitoring of price movements and market sentiment. As institutional interest grows, the future trajectory of Bitcoin remains uncertain, with investors keenly observing for signs of a shift in momentum.
