Institutional inflows strengthen as Bitcoin holds above key value area

Spot ETF products recorded a third consecutive session of net inflows, while exchange balances continued to trend lower. Desk commentary points to steady allocation rather than momentum chasing.

On the higher timeframe, Bitcoin reclaimed the weekly value area and has held it on retests. Spot cumulative volume delta is rising alongside price, which suggests demand is not purely derivatives-driven.

Key watch: a sustained close back below the value-area low would weaken the thesis. Until then, structure remains constructive.