US spot Bitcoin ETFs have extended their positive streak to eight consecutive days, drawing in $223.2 million on Thursday alone. This sustained demand signals a recovery in the cryptocurrency market, with the funds seeing a total of $2.09 billion in inflows since April 14.
This marks the category's strongest performance across multiple timeframes since a nine-day streak in late September-early October, which saw approximately $5.33 billion in inflows. April has already accumulated $2.43 billion in inflows, positioning it as the best month of 2026 for Bitcoin ETFs, nearly doubling March's monthly total.
Market observers note a resurgence in institutional demand, with cumulative net inflows now reaching $58.33 billion. Analysts highlight that while tracking periods are now consistently positive, further substantial inflows are needed to surpass previous lifetime cumulative flow records.
Meanwhile, Bitcoin's price continues to face resistance around the $78,000 mark, specifically the 21-week Exponential Moving Average. A weekly close above this level could signal a reclaim of support, while failure to do so may lead to a retest of previous breakout patterns. Analysts caution that historical trends suggest limited upside if Bitcoin cannot reclaim key technical levels above macro triangle formations, potentially leading to a resumption of its correction.