Bitcoin struggles to maintain $80,000 despite steady ETF inflows

Bitcoin remains below $80,000, trading near $78,380 after failing to hold higher levels. While US spot Bitcoin ETFs recorded their third consecutive week of net inflows totaling $987 million, analysts note weak spot demand and signs of distribution among large holders. On-chain data shows realized capitalization has returned to growth, but market participants remain cautious ahead of macroeconomic data releases.