Bitcoin Holds Above $103,000 as Spot ETFs Log $2.4 Billion Weekly Inflow
Corporate treasury allocations and shrinking exchange balances keep supply tight, though elevated derivatives funding warns of sharp intraday swings.
Daniel Brooks
Digital Assets Analyst · Vizyon Capital
Digital asset momentum strengthened as Bitcoin held decisively above the six-figure threshold near $103,800. US-listed spot Bitcoin ETFs absorbed $2.4 billion in net inflows over the past five trading days—the second-largest weekly intake since launch.
Supply squeeze meets corporate adoption
Publicly traded corporations now hold over 1 million BTC on balance sheets, while coins sitting on centralized exchanges have dropped to multi-year lows. With post-halving miner issuance absorbed several times over by daily ETF demand, spot order books remain notably thin to the upside.
Ethereum joined the advance around $3,540, buoyed by optimism surrounding potential staking-enabled ETF structures.
Risk check
Vizyon Capital's Digital Assets Desk cautions traders against complacency: perpetual futures funding rates across offshore venues have climbed into overheated territory. A daily close below $95,000 could trigger a rapid leverage flush toward $88,000. We continue to favor unleveraged spot accumulation with disciplined position sizing.
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