Bitcoin worth motion has gone utterly vertical this week. Bitcoin is buying and selling round $77,700, up 8.3% over the previous 24 hours and 23.8% over seven days, as its ETF information turns bullish. It has additionally pushed its market cap above $1.55 trillion.
The transfer comes after BTC broke by means of $75,000 throughout Friday’s Asian session. It later pushed towards $78,000 as patrons continued to chase the breakout.
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That is now not the identical Bitcoin market that was struggling round $64,000 earlier this month. Momentum has flipped rapidly, and the newest ETF knowledge provides bulls and the information another excuse to remain .
Bitcoin ETF Flows Flip Again Optimistic Regardless of Bearish Information Earlier
The 12 US spot Bitcoin ETFs recorded $600 million in internet inflows on August 20. That was an even bigger influx than the earlier periods, extending the latest run of optimistic flows.
The August 20 determine adopted inflows of $297.5 million on August 17, $186.4 million on August 18, and $517 million on August 19. That places the three-day influx whole by means of August 19 at greater than a billion.
BItcoin ETF, Coinglass
The most recent session was led by IBIT, which recorded over $500 million in inflows. The broader ETF group remained optimistic regardless of the a lot smaller day by day determine.
That is general optimistic for the market that had simply gone by means of a brief interval of ETF weak point. The funds posted outflows on August 12, 13, and 14 earlier than patrons returned the next week.
Now Bitcoin is buying and selling at ranges not seen since earlier within the 12 months. CoinGecko exhibits BTC up 24% over the previous seven days, with day by day buying and selling quantity round $66.9 billion.
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Treasury Transfer Provides Gas to the Bitcoin Rally
The most important catalyst seems to have come from the US Treasury, as Treasury Secretary Scott Bessent introduced plans to double long-term bond buybacks. The transfer initially pushed longer-dated Treasury yields decrease and weakened the greenback.
That helped Bitcoin and gold catch a bid. Reuters reported that Bitcoin climbed above $70,000 after the Treasury announcement, whereas crypto-related shares additionally rallied.
There may be additionally a positioning story behind the transfer. Quick liquidations accelerated as Bitcoin ripped increased. Pressured shopping for could make an already robust rally transfer a lot sooner, particularly when the worth breaks a degree that had capped patrons for weeks.
BREAKING: Bitcoin extends beneficial properties to rise above $70,000 for the primary time since June 2nd and levered brief liquidations hit $2.7 billion in 24 hours. pic.twitter.com/vs7NjXPsw1
— The Kobeissi Letter (@KobeissiLetter) August 19, 2026
That creates the large query now. Is Bitcoin coming into a real development reversal, or did the market merely squeeze shorts into a skinny resistance zone?
The reply will seemingly come from what occurs subsequent with ETF flows. The August 20 influx was solely $38.6 million, so bulls nonetheless have to show that institutional shopping for can stay constant after the preliminary breakout.
For now, the worth chart is doing a lot of the speaking. Bitcoin has climbed greater than 23% in seven days and is sitting close to $78,000. If BTC can maintain above $75,000 whereas ETF flows stay optimistic, the following psychological goal is apparent: $80,000Â is again on the menu.
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The publish Bitcoin ETF Information: BTC USD Weekly Surge Comes as ETF Flows Reverse appeared first on 99Bitcoins.
