Bitcoin holds near $84,000 after seven-day low of $82,500
Bitcoin recovered to about $84,000 after touching a weekly low, as spot ETFs posted their strongest weekly inflows since October 2025 and Bitfinex analysts mapped key levels.
Key points
- Bitcoin fell to just over $82,500 early Monday, its lowest in seven days, before recovering past $83,700 and later $84,000.
- Spot bitcoin ETFs took in $2.39 billion over the past week, turning 2026 year-to-date flows positive.
- Bitfinex analysts put major resistance at $96,700 and crucial support at $77,000.
- Roughly $92 million in bitcoin long bets and $33.5 million in short bets were liquidated in 24 hours.
- ETFs absorbed about 27,800 BTC over the week, equal to two months of new issuance, per market data.
Bitcoin price held near $84,000 after dipping to a seven-day low of just over $82,500, according to Bitcoin.com News. The cryptocurrency began sliding late Sunday from near $84,900 to $82,783, and a second wave of selling pushed it below $82,600 around 1:40 a.m. ET. A slow recovery then lifted it past $83,700 about four hours later, and by 12:02 p.m. it traded above $83,360, down 1.5% on the day and 3% over seven days.
The move came as bitcoin completed its best weekly close since January and spot exchange-traded funds recorded their best week since October 2025. Bitcoin.com News reported that spot bitcoin ETFs pulled in $2.39 billion over the past week, which pushed 2026 year-to-date flows back into positive territory. Many experts see the continued flow of funds into ETFs as a sign bitcoin will keep rallying into the fourth quarter.
Derivatives data showed the volatility wiped out nearly $92 million in bitcoin long bets against $33.5 million in short bets over 24 hours. Across the wider crypto economy, $398 million in long leveraged positions were liquidated in the same period, compared with $132 million in shorts. Bitcoin's market capitalisation sat well below the $1.7 trillion mark, though its price remained more than 7% higher than at the start of the month.
Sunday sell-off and recovery
Bitfinex analysts said the demand side answered convincingly, noting US spot bitcoin ETFs took in $2.38 billion, the largest weekly inflow since the week ending 10 October 2025. That was enough to turn 2026 net flows positive after they stood at minus $5.7 billion in mid-July, the analysts wrote in their latest research report. Market data showed ETFs absorbed roughly 27,800 BTC over the week, equivalent to two months of new issuance.
CFTC data on Chicago Mercantile Exchange positioning showed leveraged funds hedging at most 15% of that, which analysts said indicates directional demand rather than basis-trade money. Bitfinex added that the answer on whether bitcoin continues to rally depends on whether the buyers who drove the move keep buying above their own cost, behaviour common historically among ETF buyers and corporate treasury accumulators such as Strategy.
Onchain data was cited as a roadmap for technical levels. The largest cluster of long-term holder supply sits between $84,000 and $85,000, where last week's buying settled and where the next correction will be decided. Bitfinex put the first major resistance at the mean MVRV price of $96,700, where the average holder's profit returns to its historical norm and buyers from one to two years ago break even.
ETF inflows turn positive
Below the true market mean at $77,000 serves as the main support and the level separating consolidation from a failed recovery. Holding above $84,000 keeps the path to $96,700 open, while a drop back below $81,300 brings $77,000 back into view, according to the analysts.