preferred on
Points of Focus
- Bitcoin holds near $64,200 as spot ETFs add $486.8 million in two days.
- BlackRock’s IBIT drives $303.8 million, or 62.4%, of those inflows.
- BTC stays above its 20-day average, but $65,000 remains unbroken as trend strength stays weak.
Bitcoin (BTC) held near $64,213 on Wednesday as US spot Bitcoin exchange-traded funds (ETFs) extended their inflow streak to a second session. BlackRock’s iShares Bitcoin Trust led the rebound, pulling in $303.8 million across Aug. 17 and 18, while BTC remained below $65,000.
The US spot Bitcoin ETF category added a net $486.8 million over the same two sessions, nearly double the $248.4 million withdrawn from Aug. 12 through Aug. 14. The inflows more than offset those three sessions of withdrawals, but Bitcoin’s limited price reaction has yet to push BTC out of its recent range.
BlackRock’s IBIT drives 62% of two-day Bitcoin ETF inflows
Farside Investors recorded $160.2 million of inflows into IBIT on Aug. 17 and another $143.6 million on Aug. 18. BlackRock accounted for 62.4% of the category’s $486.8 million two-day net inflow, while the other ETFs together contributed a net $183 million.
Bitcoin ETF Daily Flow – US$
Blackrock (IBIT): 143.6 million pic.twitter.com/Dzi4dEwmC9
— Farside Investors (@FarsideUK) August 19, 2026
The rebound erased the previous three-session outflow streak. Spot Bitcoin ETFs lost $61.1 million on Aug. 12, $131.1 million on Aug. 13, and $56.2 million on Aug. 14. After the next two sessions, the five-session balance had flipped to a $238.4-million net inflow.
BlackRock reported IBIT net assets of $48.44 billion as of Aug. 18. The $303.8 million absorbed over the previous two sessions equaled about 0.6% of that asset base, while Bitcoin remained capped below $65,000.
Bitcoin’s price retests 20-day MA as $65,000 remains unbroken
Bitcoin was trading near $64,213 at the time of writing after moving between $64,015 and $64,926 on Aug. 19. According to Barchart, BTC remained above its 20-day moving average (MA) of $64,086.79 and 50-day MA of $63,499.71 but below the 100-day MA at $68,910.70.
Glassnode said conviction buyers were accumulating BTC as profit-taking slowed. The onchain analytics company compared the current setup with 2022 and said the largest increase in Bitcoin held by conviction buyers occurred when BTC fell toward $60,000 in January.
Strong hands are buying bitcoin:native.
Bottoms are formed when profit taking slows and conviction buyers step in. This setup looks similar to what we saw during 2022.
The largest increase in BTC held by conviction buyers occurred when BTC dropped to $60k in January. pic.twitter.com/sGO5AYHFIW
— glassnode (@glassnode) August 18, 2026
Barchart’s trend readings remain mixed. The 14-day average directional index (ADX) stood at 13.50, while the 14-day relative strength index (RSI) was 50.64. Bitcoin’s Aug. 19 intraday high of $64,926 left the price $74 below $65,000.
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