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Bitcoin Spot ETFs Record $1.69B Five-Day Inflow Streak, Approaching $85K Resistance

GateNews
bitcoin newsMarket AnalysisCapital FlowOn-Chain DataStocks
BTC-1.17%

According to Glassnode, Bitcoin spot ETFs recorded their fifth consecutive day of net inflows on Wednesday, May 7, bringing the five-day total to $1.69 billion, the longest streak since July 2025. Bitcoin is trading near $81,000 and has cleared two key cost basis levels—the True Market Mean at $78,200 and the Short-Term Holder Cost Basis at $79,100—putting the majority of active market participants back in profit. Analysts note the market is now approaching the next major ceiling at the Active Realized Price near $85,200, where overhead selling pressure is likely to intensify.

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Bitcoin Breaks $78,200 as Glassnode Flags $85,200 Resistance

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ABigHeartvip
· 05-08 00:01
Bitcoin's current trading price is close to $81,000 and has broken through two key cost basis levels—True Market Mean at $78,200 and short-term holder cost basis at $79,100—bringing most active market participants back into profit.
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