Bitcoin above $80,000 amid ETF inflows

bitcoin is holding at strong levels after a jump above $80,000, and interest in spot ETFs remains the main market driver: funds are now recording their eighth consecutive day of net inflows, while many altcoins look weaker and are losing momentum.

The largest cryptocurrency rose above $80,000 and gained more than 1% since the start of the day UTC. After last week’s rapid growth, the market looks calmer, but there is still steady demand from institutional investors beneath the surface.

SoSoValue data shows that inflows into spot bitcoin ETFs remain one of the main signals of demand:

• Spot bitcoin ETFs attracted $2.8 billion over eight consecutive trading days.
• This is the longest streak of net inflows since April.
• Over the week, bitcoin rose by about 23%.
• Interest from large participants remains.

It is also important for the market that bitcoin has long been seen as more than just a speculative asset. Its core idea is tied to blockchain, a peer-to-peer network, and open-ed directly, without the traditional model where every bank transaction goes through intermediaries

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How Bitcoin Works

Bitcoin is a decentralized digital currency: the network operates without a single governing center, and users can transfer BTC directly to each other.

The basis of the network is the blockchain. Transactions are collected into blocks, blocks are linked in a chain, and copies of this history are stored by network participants. Because of this, changing already confirmed records is extremely difficult.

Mining is the process in which miners use computing power to verify transactions, add new blocks, and receive rewards. This is how the network confirms transfers and issues new coins.

The maximum supply of bitcoin is limited to 21 million BTC. New coins appear gradually through mining, so the remaining supply to be mined decreases over time.

The creation of bitcoin is associated with Satoshi Nakamoto. The project appeared in 2009 as an attempt to build money for the internet without a central intermediary; later, exchanges, wallets, the mining industry, and the institutional product market formed around the network.

How To Buy, Store and Use BTC

Bitcoin can usually be bought through crypto exchanges, exchangers, or P2P deals. Storage depends on the level of control: hot wallets are more convenient for frequent transactions, cold wallets are suitable for long-term storage and reduce dependence on online services.

BTC is used for transfers, payments where it is accepted, and as an investment asset. For investors who do not need direct coin transfers to a wallet, there are bitcoin ETFs: the fund tracks the price of bitcoin, and shares can be bought through the usual brokerage infrastructure. This format simplifies access to BTC and reduces the operational complexities of storage.

Forecasts, Risks and Data Sources

It is impossible to say exactly how much 1 bitcoin will cost in 2030. The price will be influenced by ETF inflows, spot demand, regulatory decisions, news, limited supply, speculative activity, and the situation in the risk asset market. Scenarios can vary greatly: from continued growth with high institutional demand to deep pullbacks if regulation tightens or liquidity falls.

Bitcoin’s high volatility is related to limited supply, a strong share of speculative demand, and sensitivity to news. The main risks include regulatory, technical, and market risks: from pressure from authorities to storage errors, service hacks, and sharp liquidations in derivatives.

Data flows, CoinMarketCap provides market indexes and token dynamics, Deribit is useful for assessing options activity

What Supported Bitcoin’s Growth

The rally was triggered by the US Treasury’s decision to double the reverse repurchase of long-term bonds. After that, bitcoin broke out of a six-week trading range, and more than $3 billion in short positions were liquidated in the market.

The effect of this step is still noticeable. The risk asset market remains supported, which helps both BTC and gold. At the same time, investors have become more cautious in altcoins: the CoinMarketCap altcoin season index fell to 38 points out of 100 after a weekly high of 51 points.

In the morning in Europe, the token market looked mixed:

• Bittensor (TAO): +5.3% since the start of the day; continues to recover after August lows around $185.
• Zcash (ZEC): about -4% since the start of the day.
• : about -4% since the start of the day.

Futures and Options: Market Grows but Without Overheating

• Futures overall: activity over the last 24 hours increased, trading volume rose by 6%, and open interest by 3%. The ratio of long to short trades by volume held around 51.3%, indicating notable demand from liquidity buyers.
• BTC above $80,000: open interest remained at about 700,000 BTC. This reduces the risk of chain liquidations and makes the movement more stable, as growth relies more on spot demand.
• Ether: open interest in futures rose to 13.53 million tokens from 13.10 million a day earlier. This is a weekly high, but the figure is still noticeably below the May peak of 15.68 million.
• SOL: open interest rose by 5% to 67.96 million SOL, the highest since July 9. This coincided with a breakout of the spot price above $100 and indicates active opening of long positions.
• XRP, GRAM, CRO and SHIB: open interest increased over the past day. ZEC, on the contrary, became one of the leaders in declining open interest.
• Major tokens: positive cumulative delta volume adjusted for open interest shows that buyers remain active. Annual funding rates for perpetual contracts remain positive but below 10%, so there are no clear signs of overheating yet.
• BTC volatility: the 30-day implied volatility index rose from 42% to 46% along with the spot price. This indicates increased demand for options and other hedging instruments.
• Options positioning: Deribit notes that institutional participants bought downside protection through put options with longer expiries, while short-term traders tried to profit from continued growth.
• BTC options: over 24 hours, there was predominant interest in call options with strikes from $70,000 to $85,000. Higher strikes attracted more activity than options below the current spot price.
• Ether options: call options dominated. The exception was a put with a $2,150 strike and September 25 expiration, which took first place by volume.

Which Tokens Stood Out in the Market

• Bittensor (TAO): for ,3%; price about $247; for the week %; the token continued to recover from August lows around $185.
• Morpho (MORPHO): for ,7%; price about $2.60; for the week %; trading activity increased along with steady risk demand in DeFi.
• Ethena (ENA): for ,5%; price about $0.151; previously the token gained 61% for the week; ENA remains one of the notable winners of the altcoin rally, although it is still well below the levels preceding the multi-month drop of more than 90%.
• Zcash (ZEC): for the day -4.1%; price about $783; for seven days %; the token gave up part of its recent growth but remained among the week’s leaders.

The return of attention to bitcoin after reaching monthly highs has become the key theme of the market. Altcoins still show some strong moves, but the overall mood is now shaped by ETF inflows, spot demand, and more cautious positioning in derivatives.

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Source: coinspot.io