Key Takeaways
- • Bitcoin ETF net inflows reached $5.9 billion in recent months, signaling renewed institutional interest even as Bitcoin's price fell 7% year-to-date, according to Pluang.
- • Major Bitcoin holders increased their holdings by 5.2% despite the price decline, a development the source flags as a risk if those holders decide to sell.
- • BlackRock's iShares Bitcoin Trust (IBIT) traded at $45.96 on October 24, 2026, with a market cap of $66.21 billion and a 52-week low of $33.29.
- • BlackRock moved 3,215 BTC worth $262.4 million to Coinbase Prime on October 23, 2026, a transfer that closely corresponds to $254.1 million in IBIT outflows.
- • Glassnode warns Bitcoin could fall below $80,000 if it fails to hold support near $81,500.
Summary
Pluang reports that Bitcoin ETF net inflows reached $5.9 billion in recent months, showing renewed institutional interest even as Bitcoin's price declined 7% year-to-date. Major Bitcoin holders increased their holdings by 5.2% over the same period, which the article notes could pose downside risk if those holders choose to sell. The article characterizes Bitcoin's near-term technical setup as favorable, supported by continued belief in its store-of-value role, while acknowledging some weakening in network metrics. Its overall stance is one of cautious optimism.
On Pluang's IBIT market data, the fund traded at $45.96 as of October 24, 2026 at 21:51 WIB, down 0.22% on the day but well above its 52-week low of $33.29. The fund's market capitalization stood at $66.21 billion.
Related coverage points to significant flow activity. BlackRock's iShares Bitcoin Trust recorded its largest single-day inflow in over a year, $665.2 million, on October 19, 2026, even as Bitcoin fell 0.8% and Ethereum fell 1.4% that period. On October 23, BlackRock transferred 3,215 BTC ($262.4 million) and 38,882 ETH ($93.2 million) to Coinbase Prime, a move that corresponds closely to $254.1 million in IBIT outflows. The transfer has raised selling concerns, though it may instead reflect prior redemptions.
On the technical side, Glassnode, an on-chain analytics platform, warns that Bitcoin could drop below $80,000 if it fails to hold support around $81,500, a level it links to the average purchase price of a Bitcoin holder cohort. Separately, BlackRock has filed for the iShares Bitcoin Managed Protect ETF (PBIT), a buffer product that uses options to absorb a portion of losses over a set period while capping potential gains, aimed at cautious investors.
On Pluang's IBIT market data, the fund traded at $45.96 as of October 24, 2026 at 21:51 WIB, down 0.22% on the day but well above its 52-week low of $33.29. The fund's market capitalization stood at $66.21 billion.
Related coverage points to significant flow activity. BlackRock's iShares Bitcoin Trust recorded its largest single-day inflow in over a year, $665.2 million, on October 19, 2026, even as Bitcoin fell 0.8% and Ethereum fell 1.4% that period. On October 23, BlackRock transferred 3,215 BTC ($262.4 million) and 38,882 ETH ($93.2 million) to Coinbase Prime, a move that corresponds closely to $254.1 million in IBIT outflows. The transfer has raised selling concerns, though it may instead reflect prior redemptions.
On the technical side, Glassnode, an on-chain analytics platform, warns that Bitcoin could drop below $80,000 if it fails to hold support around $81,500, a level it links to the average purchase price of a Bitcoin holder cohort. Separately, BlackRock has filed for the iShares Bitcoin Managed Protect ETF (PBIT), a buffer product that uses options to absorb a portion of losses over a set period while capping potential gains, aimed at cautious investors.
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