Bullish

Bitcoin ETFs log $999M inflows as Strive buys 1,355 BTC

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Bitcoin added $10,000 in less than a week as corporate and ETF buyers increased exposure. BTC trades near $85,340, up 4.6% over 24 hours after reaching $87,330. This follows a drop to $75,000 triggered by the failed CLARITY Act vote in the Senate and the Federal Reserve’s first rate hike since 2023. Bitcoin reclaimed $85,000 for the first time since January. Twenty-four-hour volume: $62.6 billion. Market cap: above $1.71 trillion.

Corporate and ETF Demand

Strive bought 1,355 BTC for $107.7 million at an average price of $79,475. Treasury holdings: 26,355 BTC now worth more than $2.2 billion. The purchase was about three times larger than last week’s 469 BTC for $36.6 million. Funding: non-dilutive preferred equity with preferred shares at 57.7% of total capital raised and warrant exercises adding $21.2 million in gross proceeds. The firm now announces purchases on Mondays, creating a recurring market signal. Strategy returned with a 950 BTC buy after a multi-week pause.

ETF Flows: Signal of Broader Demand

Total Bitcoin Spot ETF Net Inflow (BTC)

Total Bitcoin Spot ETF Net Inflow (BTC) Coinglass

US spot Bitcoin ETFs recorded $999 million of inflows on September 21, the strongest in months. IBIT took in $381.4 million, ARKB $289.1 million, FBTC $238.8 million. This session offset $746 million of outflows from September 15 and 16 linked to the CLARITY Act vote. Net assets across the funds: $103 billion. Cumulative inflows since launch: $56.62 billion. Institutions used the decline to add exposure.

Key Technical Levels

BTCUSDT Chart 1D

BTCUSDT Chart 1D  TradingView

Price broke above $82,303, which capped rallies in May and September. That level now acts as support. The move reached $87,330 before a pullback.

  • Support: $82,300. Daily closes above this level keep the breakout intact.
  • Next target: $90,000 to $92,000 if ETF inflows persist.
  • Major resistance: $98,330, the last notable barrier before $100,000. Timeline estimate: year-end.

Risk: momentum. Bitcoin advanced 13% in under a week. A daily close below $82,300 would reopen $73,836. Current flows indicate corporate treasuries and ETF desks are buying weakness.