Bitcoin Rises 23% Weekly to Approach $80,000, as ETF Inflows Revisit Billion

Bitcoin Rises 23% Weekly to Approach $80,000, as ETF Inflows Revisit Billion-Dollar Levels

Bitcoin staged a strong rebound this week amid a confluence of multiple factors, posting a weekly gain of approximately 23% to approach the $80,000 mark, recording its best performance in nearly two years. The U.S. Treasury’s expansion of long-term bond repurchase scale served as a key catalyst for the rally, driving long-term yields lower and improving market risk appetite, while the Trump administration also sent signals of supportive cryptocurrency policy, further boosting market sentiment. However, despite the recent sharp rebound, Bitcoin remains well below the all-time high of over $126,000 set in October last year, having previously fallen to as low as $58,642 at the end of June.

Macro Policy Shift Becomes Key Turning Point, Market Sentiment Rapidly Warms

The critical turning point for this rebound came on Wednesday. U.S. Treasury Secretary Bessent announced that the Treasury would at least double the scale of its long-term U.S. Treasury repurchase program, after which long-term Treasury yields declined, market risk appetite improved markedly, and risk assets such as Bitcoin strengthened accordingly. Rachael Lucas, an analyst at BTC Markets, noted that the Treasury’s expansion of repurchase scale was a key factor driving this market move, with the decline in long-term yields directly improving overall risk appetite. At the same time, U.S. President Trump met with executives from multiple cryptocurrency industry firms, including Coinbase (COIN) and Payward, at the White House on Wednesday, further reinforcing market expectations of government support for digital assets. Trump also urged the Senate to pass the cryptocurrency market structure bill, the “Clarity Act,” which had previously stalled in the Senate due to disagreements over ethics provisions and failed to come to a vote before the August recess.

ETF Net Inflows Exceed $1 Billion, Institutional Buying Provides New Support

Unlike the earlier phase that relied primarily on short covering, the market this week showed more positive signals—institutional money is re-entering the space. The 13 U.S. spot Bitcoin ETFs have attracted over $1 billion in net inflows so far this week, on track to post the largest weekly inflow since January of this year. This means that beyond short covering, the market is gaining new actual buying support. Large holders have also resumed accumulation, with CryptoQuant data showing that Bitcoin “whales” have accumulated approximately $2.75 billion worth of Bitcoin over the past 60 days, indicating that some large investors have ended selling and shifted to buying.

Institutions Raise Forecasts, $80,000 Level Becomes Key Test

The strong rebound has prompted Wall Street institutions to reassess the outlook. Geoffrey Kendrick, Head of Global Digital Asset Research at Standard Chartered, stated that for the first time this year, there is a risk that his year-end Bitcoin target of $100,000 may be “too low.” U.S. cryptocurrency-related stocks continued to surge on Friday, with Coinbase rising 8.2%, Strategy (MSTR) gaining 6.1%, and Circle (CRCL) advancing 5.2%. However, analysts also cautioned that a significant portion of this rally has been driven by short liquidations, and whether Bitcoin can continue to attract genuine new inflows after the short squeeze subsides will be key to judging the sustainability of the rebound. Overall, this week’s rebound has gradually gained fundamental funding support beyond the initial short covering, but after a rapid weekly advance of approximately 23%, volatility risks have clearly risen. Whether Bitcoin can truly break through and hold above $80,000 in the coming period will be an important threshold for testing the continuation of the rebound.

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Source: nai500.com