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Points of Focus
- US spot Bitcoin ETFs attracted $626 million between Aug. 3 and Aug. 5.
- BlackRock’s IBIT supplied $478.5 million, or 76.4% of the three-day total.
- Bitcoin traded at $64,667.75, below the key $66,000 level.
Bitcoin traded at $64,667.75 on Thursday, Aug. 6, after US spot exchange-traded funds recorded $626 million in net inflows across three sessions.
The renewed fund demand helped BTC hold near $65,000, but the price response remained limited compared with the scale of the inflows. That gap suggests ETF buyers are supporting the market without yet producing a wider breakout.
Bitcoin ETF inflows accelerate across three sessions
Farside Investors recorded $170.1 million of net inflows on Aug. 3, followed by $211.5 million on Aug. 4 and $244.4 million on Aug. 5. The sequence reversed the $265.4 million outflow recorded on July 31. The three-session total was already the strongest weekly result since early May.
BlackRock’s IBIT accounted for $478.5 million of the total, equal to 76.4% of all net inflows during the period. Fidelity’s FBTC, Bitwise’s BITB and ARK 21Shares’ ARKB also posted net inflows, but the rebound remained heavily concentrated in IBIT.
Bitcoin ETF inflows are picking up again.
US spot Bitcoin ETFs saw another $244.4M in inflows on Wednesday.
That marks 3 consecutive days of inflows, bringing the total to $626M. 🚀 pic.twitter.com/YTFB6JnMlL
— That Martini Guy ₿ (@MartiniGuyYT) August 6, 2026
Bitcoin price remains capped below $66,000
Bitcoin’s response to the ETF inflows remained measured. The asset held near $65,000 after $626 million entered US spot funds over three sessions, suggesting that new demand is absorbing available supply but hasn’t yet generated enough momentum for a breakout.
Bitcoin trader Merlijn said Bitcoin’s market bottom may already be in, though his outlook still allows for another decline toward $61,000. He identified a weekly close below $58,000 as the level that would invalidate his view.
I THINK THE BITCOIN BOTTOM IS IN. HERE ARE THE FOUR STEPS THAT GOT US HERE.
Top. Break the SMA 100. 144 days of basing. Then a shock.
2022 ended with FTX. 2026 ended with the depeg.
I don't think we see sub-$60K again this cycle. One more dip into $61K is possible, and that's… pic.twitter.com/z3sOaPWw2G
— Merlijn The Trader (@MerlijnTrader) August 6, 2026
The three-day inflow streak improves the demand picture, but it remains too brief to confirm a sustained shift. A move above $66,000 would show that ETF demand is beginning to translate into stronger price momentum. Continued trading below that level would suggest that inflows are supporting BTC rather than driving a broader recovery.
Hormuz uncertainty keeps macro support limited
Reuters reported that Iran and Oman agreed on coordinates for a proposed shipping route through the Strait of Hormuz, though key terms remained unresolved. Oil prices rose on Aug. 6 as traders questioned whether the talks would restore stable energy flows and ease inflation pressure.
The uncertain outcome leaves Bitcoin sensitive to changes in oil prices, Treasury yields and the US dollar. ETF inflows remain the clearest crypto-specific support in the current setup, with BTC trading at $64,667.75 and still short of a confirmed break above $66,000.
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