Bitcoin ETFs recorded their second-largest single-day inflow as positive sentiment sweeps the crypto market, with BTC maintaining levels above $124,000. The rally reflects renewed investor interest amid October’s bullish momentum.
Data from Sosovalue shows that U.S.-listed Bitcoin spot ETFs drew a total net inflow of $1.19 billion on October 6, marking the highest daily inflow so far this month and the second-highest since these ETFs debuted.
BlackRock’s IBIT led the gains with approximately $970 million, followed by Fidelity’s FBTC with $112.3 million and Bitwise’s BITB with $60.1 million. Meanwhile, four of the 11 approved ETFs—Grayscale’s GBTC, Ark & 21Shares’ ARKB, Valkyrie’s BRRR, and Hashdex’s DEFI—saw no inflows. The funds are now on a six-day streak of net inflows, totaling over $4.43 billion as institutional interest strengthens.
Bitcoin Price Holds Firm Amid ETF Inflows
The surge in ETF inflows comes as Bitcoin continues its upward trend. BTC hit a new high of $126,198 on Monday amid increased whale accumulation. Despite a modest pullback, the asset is consolidating above the key $124,000 support, currently trading around $124,309—up roughly 9.2% for the week.
Technical indicators, however, are sending mixed signals. The Relative Strength Index (RSI) has entered overbought territory at 71.29, suggesting a potential pause or minor correction. The MACD histogram remains positive, though slight flattening points to fading bullish momentum.
If bulls push BTC above $125,000 and close higher, the next targets could be $127,000 and $128,500. On the downside, a deeper consolidation may see support tested at $122,000, aligning with prior breakout levels.
