US Spot Bitcoin ETFs Absorb Record Amount of BTC Amid Institutional Demand

The recent surge in US spot Bitcoin ETFs' absorption of BTC has sent shockwaves through the crypto market. According to data from Bitwise, these funds have taken in a staggering 18,991 coins over the past five trading days.

This aggressive absorption is being seen as a bullish catalyst by traders, who are predicting a potential break above $80K if demand continues. This is reminiscent of the inflow surges seen in late 2025, which propelled prices towards six figures.

The 4-hour chart for Bitcoin shows a clear bullish structure, with the price holding firm above key long-term supports such as the EMA50 and EMA200. However, the MACD is screaming caution with a death cross, hinting at weakening momentum.