Bitcoin eyes $101,787 after $697M ETF inflows and heavy exchange withdrawals

Beincrypto reports Bitcoin has extended its breakout after spot Bitcoin ETFs recorded $697 million in inflows and about 12,946 BTC — roughly $1.2 billion — was withdrawn from exchanges in the past 24 hours.

The $697 million intake was the strongest single-day ETF inflow since October 2025 and mirrors historical conditions that previously preceded sharp price advances. The coverage notes ETF-driven demand often represents longer-term positioning that can reduce circulating supply and support higher price discovery, while short-term holder balances rose from 1.97% to 2.46% over seven days and exchanges have seen consistent net outflows over the past week.

Bitcoin trades near $93,329 at the time of writing; the breakout from a descending wedge carries a projected upside of about 12.9%, placing a technical target near $101,787. The report says strong buying pressure could push BTC above $95,000 and toward $98,000, but selling near $95,000 or a drop below the $91,511 support would interrupt the bullish thesis and reintroduce consolidation risk.

Key Topics

Crypto, Bitcoin, Spot Bitcoin Etfs, Exchange Outflows, Self Custody, Glassnode