U.S.-listed Bitcoin ETFs have experienced a significant turnaround, pulling in $91.6 million in inflows on August 6, signaling a potential recovery for Bitcoin’s price.
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Bitcoin ETFs saw a recovery with $91.6 million in net inflows on August 6.
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Bitcoin is currently trading around $115,000, down 6.5% from its all-time high.
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Analysts suggest that $117,200 is a critical resistance level to monitor.
Bitcoin ETFs have rebounded with $91.6 million in inflows, raising hopes for a price recovery as Bitcoin hovers around $115,000.
| ETF Name | Net Inflows | Notes |
|---|---|---|
| BlackRock’s IBIT | $42 million | Leading the inflows |
| Bitwise’s BITB | $26.4 million | Strong performance |
| Grayscale’s GBTC | $14.5 million | Consistent inflows |
| VanEck’s HODL | $4.1 million | Modest recovery |
| Ark & 21Shares’ ARKB | -$5.4 million | Outflows reported |
Can Bitcoin reclaim $120,000?
Bitcoin is currently trading around $115,023, reflecting a slight increase of 0.89% on the day. The cryptocurrency has been mostly stagnant, remaining below the $115,000 mark since early August.
Currently, Bitcoin is down approximately 3% over the week and about 6.5% from its all-time high of $123,000. This decline is largely attributed to profit-taking by both retail and institutional investors following the recent rally.
However, recent data indicates that selling pressure is easing. A report from Glassnode on August 6 revealed that only 45% of recent Bitcoin sales were from holders in profit, suggesting a potential stabilization in prices.
For Bitcoin to recover and push higher, it will require a combination of strong institutional inflows from ETFs and continued corporate buying. Although recent ETF inflows are modest compared to July’s peak, corporate interest remains robust, with more public companies adding Bitcoin to their balance sheets.
Analysts have identified $117,200 as a crucial resistance level. Market analyst Rekt Capital noted that if Bitcoin can break above this level and maintain it, it could indicate strength and pave the way for further gains. Conversely, continued rejections at this level may signal that the rally is losing momentum.
The entire point of this Bitcoin recovery is to find out whether ~$117200 will be reclaimed as support or act as resistance
It’s been a cycle of downside deviations thus far so a reclaim isn’t out of the question$BTC #Crypto #Bitcoin
— Rekt Capital (@rektcapital) August 6, 2025
Key Takeaways
- ETF Inflows: Bitcoin ETFs saw a significant recovery with $91.6 million in inflows.
- Price Stability: Bitcoin is currently trading around $115,000, with analysts watching the $117,200 resistance level closely.
- Market Sentiment: Selling pressure is easing, indicating potential stability in Bitcoin’s price.
Conclusion
The recent inflows into Bitcoin ETFs suggest a potential recovery for Bitcoin, which is currently hovering around $115,000. With critical resistance at $117,200, the market is keenly watching whether Bitcoin can reclaim this level and sustain upward momentum.
