After the failed surge to $87,000, BTC has returned to around $85,000: the truly strange thing is that ETF funds have just flowed back in, but the price has not continued to follow.
On October 2, BTC once surged to about $86,900, then retreated. The latest market has returned to the $84,000–$85,000 range, indicating that selling pressure near the previous high remains obvious.
However, the capital side has not completely weakened.
The US spot BTC ETF had a net inflow of about $102.7 million on October 1, and continued to flow in about $31.7 million on October 2. In other words, the total inflow for the first two trading days of October is still about $134 million.
This creates a very interesting contrast:
The price fell back from $87,000, but ETF funds did not retreat accordingly.
So what’s really worth watching now is not whether BTC can surge again.
Focus on the area near $87,000 above, which is the previous high resistance.
Below, first watch $84,000, then around $83,000.
If the price approaches $87,000 again and ETF inflows continue, it means spot funds are still supporting; if the price continues to weaken and funds also start to turn negative, then the market logic may truly change.
The previous high has already given an answer once.
The real story worth watching tonight is who will still be willing to buy at $87,000 next time.
#BTC现货ETF重回流入，ETH资金持续流出$BTC
