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Bitcoin surges past $80,500 amid strong ETF inflows; here are the key levels to watch
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Bitcoin surges past $80,500 amid strong ETF inflows; here are the key levels to watch
The market is currently in a transitional phase. Strong institutional demand remains supportive. However, weaker secondary-market activity and tighter volatility conditions are limiting momentum.
- Bitcoin surged past $80,500, then traded around $79,777.
- Geopolitical tensions, oil prices impact Bitcoin.
- US spot Bitcoin ETFs saw $770M net inflows last week.
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Bitcoin surged past $80,500 in the early trade on September 7, but later trimmed some of those gains to trade just above $79,777 (08:49 IST), representing a 0.22 percent decline over the past 24 hours, though it’s up 2.81 percent for the week.
The main catalysts were the renewed geopolitical tensions, rising oil prices, bond yields, and stronger US jobs data, pushing markets to reassess the path of interest rates.
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“For crypto, that can mean near-term pressure as higher yields make risk assets less attractive and reduce expectations of easier liquidity,” Nischal Shetty, Founder of WazirX, said.
He estimates that if BTC can decisively break above and sustain $82,300 on healthy volume, the next zone to watch is $84,000–$85,000. On the other hand, a sustained move below $77,500 could trigger a deeper retracement. “Futures traders should watch the $82,300 level on the upside with controlled open interest growth.”
“Short-term sentiment remains cautiously constructive, supported by improving technical momentum, although low conviction suggests traders are avoiding aggressive directional positions. Overall, BTC appears to be in a consolidation phase, with the next meaningful breakout likely determining whether the recent rebound develops into a stronger trend,” said CoinSwitch Markets Desk.
Meanwhile, demand for US spot Bitcoin ETFs strengthened again last week. ETFs recorded $236.5 million in net outflows on September 1. This was followed by $101.1 million in net inflows on September 2. Inflows increased to $730.8 million on September 3 and $174.6 million on September 4. The September 1-4 period therefore produced roughly $770 million in net inflows.
Here’s how major cryptocurrencies moved over the past 24 hours.
Key factors investors should watch
According to Vikram Subburaj, CEO of Giottus, the on-chain picture remains constructive but not uniformly bullish. Institutional allocation and large-value settlement remain healthy. Entity-adjusted transfer volumes remain elevated. Most of the Bitcoin supply also continues to be held at unrealized profit.
“However, retail participation has softened, while short-term speculative capital and leverage have increased. The market is currently in a transitional phase. Strong institutional demand remains supportive. However, weaker secondary-market activity and tighter volatility conditions are limiting momentum.”
He suggests that investors should avoid chasing moves near resistance. “Staggered accumulation and disciplined exposure remain preferable. Immediate support is around $78,400- $78,800. Resistance is near $81,200-$82,300.”
Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Dipen Pradhan is the Editorial Consultant for Moneycontrol. He has over 10 years of experience in the field of journalism and covers personal finance topics. He has previously worked at Forbes Advisor India, Outlook Money, Entrepreneur, Inc42, and The Statesman. When he is not writing he loves to travel to explore rural hotspots.
first published: Sep 7, 2026 09:07 am
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