Bitcoin falls under $80K but four-month high in weekly BTC ETF inflows may curb selling

Bitcoin recently encountered price resistance at the $82,800 level, leading to a subsequent drop that pushed its value below $80,000. Despite this downward price movement, the market is seeing a strong counterbalancing force from institutional investment. Spot Bitcoin Exchange-Traded Funds (ETFs) have registered substantial weekly inflows totaling $1.105 billion, marking the highest such inflow in four months. This significant capital injection into BTC ETFs is expected to provide crucial support, potentially mitigating further selling pressure and stabilizing Bitcoin's price.