Bitcoin Price Outlook: BTC Retraces as ETF Inflows Stay Strong
DailyFX Real Time News 2026-09-28 13:48:52
Context: Bitcoin's price has pulled back from its 21 September high of $87,402.34 to around $83,000, driven by profit-taking and higher yields, but remains supported by strong inflows into US spot Bitcoin ETFs, which attracted approximately $2.4 billion in net inflows during the week to 25 September. The retracement occurs against a challenging macroeconomic backdrop, including higher Treasury yields and expectations of tighter US monetary policy. Despite this, the strength of ETF demand suggests that the current weakness may be a consolidation rather than a reversal of the September recovery.
Key Facts
- Bitcoin's price surged to $87,402.34 on 21 September after starting the month below $80,000, but has since retreated to around $83,000.
- US spot Bitcoin ETFs attracted approximately $2.4 billion in net inflows during the week to 25 September, their strongest weekly performance since October 2025.
- BlackRock's IBIT, Fidelity's FBTC, and ARKB added around $1.2 billion, $701.7 million, and $294.7 million, respectively, to their funds during the week.
- The US 10-year Treasury yield reached 5.23% on 24 September, its highest level since 2007, which can weigh on Bitcoin by making interest-bearing assets relatively more attractive.