HTX Research: BTC Price Breakout Needs Spot Demand Confirmation

HTX Research analyst Chloe stated that the market is transitioning from a bear structure to a trend confirmation phase. While BTC has surpassed $81,000, the move lacks the strong spot ETF inflows seen in August, suggesting it is a breakout attempt rather than a confirmed bull market. Key indicators to watch include spot trading volume, ETF flows, open interest, and the 10-year U.S. Treasury yield. A base-case scenario sees BTC consolidating between $78,000 and $86,000, while a sustained move above $83,300 with volume is required for further upside.