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Spot Bitcoin exchange-traded funds (ETFs) have experienced a remarkable surge, with nearly $2.4 billion in net inflows recorded over the past week. This marks the largest weekly inflow since October 2025, bringing the cumulative net inflows since the launch of these ETFs in January 2024 to approximately $57.5 billion. Total assets in the spot Bitcoin ETF category are nearing $108 billion, with BlackRock's iShares Bitcoin Trust and Fidelity's FBTC attracting the majority of this capital.
Despite the influx of institutional investment, Bitcoin's trading price remains around $83,000 to $84,000, significantly below its peak of nearly $126,000 in October 2025. This discrepancy highlights a growing disconnect between the bullish sentiment reflected in ETF inflows and the current market price of Bitcoin. Options traders are increasingly betting on Bitcoin reaching $90,000 and $95,000 strike prices, indicating a belief that the current price range may serve as a floor rather than a ceiling.
The options market is showing heavy concentration at these higher strike prices, which may influence Bitcoin's price movements through a phenomenon known as gamma pinning. This occurs when market makers adjust their positions to hedge against large volumes of options, potentially stabilizing prices around specific levels. Historical patterns suggest that significant options expirations can compress volatility and limit price movements until the contracts are settled. Traders are now closely monitoring the upcoming options expiry cycle, as it could lead to increased price action depending on whether the concentrated call positions expire worthless or not.
Source: KLEA News