- U.S Spot Bitcoin ETFs logged 7,869 BTC inflows, showing renewed institutional interest and momentum
- Rising Open Interest and bullish price action suggested traders may be positioning for a potential breakout
U.S Spot Bitcoin [BTC] ETFs have just logged their largest single-day inflow in nearly a month – Adding 7,869 BTC.
This surge is part of a broader wave of investment momentum returning to the digital asset space, a sign that institutional players may be gearing up for a renewed push into Bitcoin.
Bitcoin ETFs – One of the year’s biggest inflows
Last Friday, U.S Spot Bitcoin ETFs saw one of their largest single-day net inflows of the year, adding 7,869 BTC to their holdings. In fact, this marked the biggest daily inflow since 29 April.
Source: Glassnode
Supporting this trend, the 7-day SMA of ETF inflows has also been trending upwards, underlining a sustained build-up rather than a one-off event.
As confidence in Bitcoin continues to grow, especially among institutional players, these inflows could bring further bullish momentum in the market.
Traders position for further upside
Adding to the bullish narrative, Open Interest across all exchanges has also been trending sharply higher.
For example – According to CryptoQuant, Open Interest rose from approximately $31 billion in late April to over $37 billion by 26 May.
Source: Cryptoquant
The parallel rise in Bitcoin’s price and Open Interest suggested that capital inflows have not been passive. Instead, they are actively fueling directional bets – Potentially setting the stage for further upside volatility.
Technical momentum builds near overbought zone
Bitcoin was trading at around $109,616, at press time, consolidating after a sharp move north.
Its daily RSI stood at 67.48 – Hovering just below the overbought threshold of 70. This hinted at strong bullish momentum, with the crypto not flashing warning signs of exhaustion just yet.
Source: TradingView
Bitcoin’s price action revealed a healthy series of higher highs and higher lows, with recent candles forming tight-bodied ranges – A possible continuation pattern.
Such a sideways drift near the highs could be a bullish flag, often preceding further breakout moves. Should ETF inflows persist, this technical structure may provide the boost for BTC to test new highs above $112,000 in the short term.
