Brothers, on May 5th (Eastern US Time), the total net inflow of the BTC spot ETF was about $467.3 million, marking the fourth consecutive day of net inflow.

Structurally more notable: IBIT absorbed about $251.4 million in one day, FBTC around $133.2 million, ARKB about $92.3 million; at the same time, GBTC still experienced small outflows (around -$18.4 million), HODL also experienced outflows (around -$5.8 million). This is not “the entire market is buying,” more like some major products absorbing supply.
In the chart, 80,000 is not a boundary line between bullish and bearish, more like an “asset allocation threshold”: when continuous net inflows occur, spot selling pressure will be passively absorbed, and prices tend to move very cleanly; once net inflows stop, corrections will be faster than expected, because risk preference shifts from the same fund group can also change very quickly.
The key variables remain two: whether the net inflow of ETFs spreads from “centered on IBIT/FBTC” to more products; and whether the outflow of GBTC suddenly accelerates. As long as these two do not worsen, the market returning above 80,000 is more like “slow money lifting the floor,” not short-term strength.
Trading platforms need to pay attention not to candlestick patterns, but to the fund flow table after each day’s close: consecutive net inflows = spot supply is absorbed; large outflows in one day = leverage begins to look for reasons. Above 80,000 can fluctuate, below 80,000 must acknowledge that the structural variables are loosening.