Bitcoin climbed back above $84,000 on Tuesday, rising about 1.4% to near $84,300 as an eighth straight day of spot ETF inflows and another Strategy purchase steadied sentiment after Monday's slide below $83,000. The $85,000 resistance is now in direct sight, Invezz reported.
The rebound came as the 10-year Treasury yield steadied near 5.25% after touching its highest since 2007 - a breather that gave risk assets room to recover.
The streak: 8 days, $3B, fading size
US spot Bitcoin ETFs drew $31.07 million on Monday, the eighth consecutive positive session and part of a run worth roughly $3 billion. But the flow is thinning fast: $999 million on Sept. 21, then $715 million, $347 million, $191 million, $135 million - and now $31 million, Coinpaper reported. BlackRock's IBIT did the heavy lifting with $54.8 million, offsetting outflows from Fidelity's FBTC and Grayscale's GBTC.
The cooling is market-wide. Combined crypto ETF inflows fell 80% from Friday to $64.8 million, though Ether ($17.1M), Solana ($12.7M, a 7-day streak) and XRP ($3.96M, a 5th straight day) all stayed positive. Only Zcash funds leaked, with $8.1 million out, CoinCentral reported.
Strategy keeps stacking into thin leverage
Michael Saylor's Strategy bought another 1,665 BTC on Monday, lifting its treasury to 847,666 coins - the largest public corporate stash by far - while also repurchasing $152 million in preferred shares. The backdrop is unusually clean: Bitcoin futures open interest has fallen to a year-to-date low of 628,000 BTC, meaning the rally is built on spot demand rather than leverage.
Profit-taking remains the counterweight. On-chain data shows holders still locking in gains after the recent run, though Monday's smaller spike suggests the selling wave is easing, FXStreet reported.
$85K unlocks the $100K talk
Technically, $85,000 is the wall and $77,586 the floor, with RSI near 62 - warm but not stretched. FxPro's Alex Kuptsikevich says a break above $85,000 opens $87,000 and a fresh multimonth high. Beyond that, analysts are openly floating $100,000, and September's monthly gains are on track to snap a decade-long seasonal streak.
The risk is the streak itself: if ETF flows flip to sustained outflows, corporate buying alone won't hold $84,000.