Bitcoin Hits $81,015 Amid $591M ETF Inflows
Bitcoin surged to $81,015 as U.S. spot ETFs absorbed $591 million in net inflows. Regulatory moves and easing oil prices supported the rally.
Bitcoin rose nearly 5% to reach approximately $81,015. The asset recovered from the mid-$77,000 range. This move coincided with the liquidation of over $603.39 million in crypto positions.
U.S. spot Bitcoin ETFs recorded $591 million in net inflows over two days. September 18 alone saw $433 million enter these funds. Fidelity’s FBTC led with $311 million, followed by BlackRock’s IBIT at $108 million.
Regulatory Frameworks Advance
The CFTC submitted new rules to the White House. These rules cover crypto asset transactions and markets. The submission marks the start of the rulemaking process.
The SEC granted a five-year exemption for tokenized stocks. This allows limited on-chain trading under current investor protections. This action follows the Senate’s failure to pass the CLARITY Act.
Oil Prices Ease Pressure
Crude oil prices fell below $100 per barrel. Saudi Arabia established alternative supply routes through Oman. This reduced fears of major supply disruptions.
Oil had previously reached $108, a four-month high. This spike followed reports of suspended shipments from Yanbu. Tensions between Saudi Arabia and Yemen also contributed to price volatility.
Technical Targets Set
Bitcoin is forming a W-shaped pattern. A breakout above $82,917 would confirm this structure. The initial target is approximately $99,000.
A pullback to $91,000 may follow the initial move. Sustained buying could push prices toward $115,751. This level represents major resistance on the chart.
Failure to break $82,917 would keep Bitcoin range-bound. Short traders accounted for over $523 million in recent liquidations. Market sentiment remains tied to regulatory news and ETF flows.
