Bitcoin ETFs See $3 Billion Inflow, Yet BTC Price Stalls at $84,000

U.S. spot Bitcoin ETFs recorded nearly $3 billion in net inflows over seven consecutive trading days starting September 17, marking the strongest inflow period in nearly a year. Despite this, Bitcoin's price has struggled to sustain levels above $84,000, retreating from a weekly peak of approximately $87,400. Analysts attribute the stagnation to heavy supply in the $84,000–$86,000 range, where long-term holders are selling into ETF demand. Additionally, institutional basis trades—involving long spot ETF positions paired with short BTC futures—and rising U.S. 10-year Treasury yields, which recently topped 5.1%, have created headwinds for further price appreciation. While ETF inflows have successfully supported the price floor, they are currently being offset by macro pressures and profit-taking.