Bitcoin ETFs Bring $2.71B Inflow Last Week, What’s Next for BTC Price?

Group 1: Bitcoin ETF Inflows - Spot Bitcoin ETFs recorded $2.71 billion in net inflows from Oct. 6 to Oct. 10, indicating strong institutional confidence in cryptocurrency's long-term potential [1] - BlackRock's iShares Bitcoin Trust (IBIT) was the primary contributor, adding $2.63 billion, bringing IBIT's net assets to $94 billion [1] - Total inflows for October have surpassed $5 billion within the first two weeks, with daily inflows occurring except for a minor outflow of $4.5 million on Oct. 10 [2] Group 2: Market Performance and Price Movements - Bitcoin's price briefly fell below $110,000 on Oct. 11 but rebounded to around $115,570, reflecting a 3.5% increase in the past 24 hours [3] - The 24-hour trading volume for Bitcoin increased by 15% to approximately $92 billion [3] Group 3: Liquidity and Market Dynamics - The market is experiencing its highest liquidity stress levels since early 2025 on Binance, indicating challenges in executing large trades without affecting prices [4] - The liquidity stress index is currently at 0.2867, one of the highest readings of the year [4] - Analysts suggest that the recent price drop indicates a transfer of liquidity from short-term traders to institutional holders, with expectations of market rebalancing [5] Group 4: Future Price Predictions - Funding rates across major derivatives exchanges have dropped to bear-market lows, with over $20 billion in positions wiped from exchanges between Oct. 10 and 12 [6] - Despite market confusion regarding the potential end of the correction, many analysts remain optimistic, predicting Bitcoin could reach $150,000 before the end of the quarter [6]