Figure 2. Daily Bitcoin ETF Flows Across All USBased Providers. Source: FarsideUK
This backdrop explains the mechanical rebound from the $112,000 lows. In the three trading sessions since August 5th, US-listed spot BTC ETFs have attracted $769 million in net inflows, helping to restore confidence. Whether this momentum continues will likely depend on key US macroeconomic releases, with CPI and PPI data due this week. Given the close relationship between ETF flows and macroeconomic outcomes in recent months, these figures could be pivotal in determining whether BTC breaks above range highs toward new all-time highs, or instead retests recent lows. With market sensitivity to macro events running high, traders should prepare for increased volatility and the possibility of a retracement toward $110,000 in the near term. Even so, the broader structural outlook remains constructive, underpinned by sustained institutional accumulation, expanding treasury adoption, and resilient spot demand.