The US Spot Bitcoin ETF has seen a remarkable inflow of nearly $290 million this week, drawing attention from traders and investors alike. Notably, BlackRock”s IBIT has emerged as the leading contributor to this influx, injecting over $51 million into the investment vehicle. Despite this positive momentum in fund flows, the price of Bitcoin has not reacted favorably, remaining below critical resistance levels.
To provide context, the price of Bitcoin has struggled to surpass the $95,000 mark recently, even in the wake of a US Federal Reserve rate cut. The Fed”s cautious stance, indicating a single 25 basis point rate cut in 2026, seems to have dampened investor sentiment. Additionally, the broader US stock market has also been affected, with major indices closing lower this week.
As a result, many investors are exercising caution, awaiting clearer signals regarding future market movements before making significant commitments to Bitcoin. The decline in inflow into the ETF suggests a degree of wariness among institutional investors as they navigate this complex environment.
The week”s inflow data highlights that the US Spot Bitcoin ETF recorded an impressive total of $286.6 million in new investments through December 12. BlackRock”s Bitcoin ETF alone contributed $214.1 million during this period, showcasing a bullish sentiment from this major player. However, there were days when the ETF faced outflows, specifically on December 8 and December 11, which saw withdrawals of $60.4 million and $77.5 million, respectively.
While the ETF inflows signal institutional interest, the Bitcoin price remains under pressure. As of now, Bitcoin is trading approximately 2% lower, hovering around $92,200, with a notable trading volume increase of 16% to $80 billion. Within a 24-hour timeframe, the price fluctuated between $89,532 and $92,618.
Analysts have pinpointed significant price levels to watch. Resistance is observed at $99,000 and $122,000, which are crucial benchmarks for potential upward movement. Conversely, support levels are identified at $76,000 and $53,000. If the price fails to maintain the $90,000 support, a significant correction may ensue.
In summary, while the inflow into the US Spot Bitcoin ETF indicates growing institutional interest, the cryptocurrency”s price remains in a precarious position, warranting close monitoring of these key technical levels in the coming days.
