BlackRock’s iShares Bitcoin Trust dominated U.S. spot Bitcoin ETF flows, pulling in $196.83 million out of roughly $244 million for the group. But even with most of that money concentrated in IBIT, Bitcoin was still trading below $65,000.
Bitcoin’s price action stays pinned just below $65,000, with the latest close around $64,622, holding within a narrow band between the support near $64,383 and resistance at $64,944.
The cleaner read here is what changes next. As long as IBIT is doing most of the buying and Bitcoin stays trapped below that $64,944 resistance, this still looks like isolated fund demand rather than a broader market breakout. A stronger signal would be one of two things: flows widening across the spot ETF group, or price pushing through that ceiling and holding it.