ETF inflows seen as key for BTC to decisively break above $87K

Large inflows into U.S. spot Bitcoin ETFs are key for BTC to decisively break above $87,000, CoinDesk reported. Oliver Kading, head of marketing at institutional crypto asset management and lending infrastructure provider Tesseract Group, said current BTC price action suggests ETF-driven buying was not strong enough to offset macroeconomic pressure, even though it fueled September’s gains. Kading said inflows of more than $300 million over several trading sessions could signal a recovery in institutional demand. Martin Lee, chief data analyst at crypto market maker DWF Labs, added that immediate large daily inflows matter more than an extended period of inflows amounting to only several hundred million dollars in total.