Bitcoin ETFs: $507 Million Inflows Thursday

Bitcoin ETFs attracted $507 million in inflows Thursday, the largest daily intake since the first week of May and the third consecutive day of positive flows, with $IBIT capturing $285 million or 56 percent of the total; August inflows for $IBIT now stand at $1.2 billion, on pace for the biggest monthly haul since May, while Ethereum ETFs posted $177 million in inflows, the strongest daily figure since January.

With price testing upper Bollinger resistance at $81696.21 while RSI flashes overbought at 80.01, a healthy retracement to the 50-EMA support at $69633.82 seems probable before further continuation on the 4h chart, where the MACD golden cross at 3172.29 and price above both EMA50 and EMA200 reinforce the bullish structure for any BTC price prediction models.