TLDR
- Bitcoin price rose 4.57% to trade near $72,500.
- Bitcoin ETFs saw one-day net inflows of $472.2 million.
- BTC broke above the $67,333 resistance level.
- Price moved above the 200-day EMA at $71,549.86.
- Open interest neared $51 billion during the rally.
Bitcoin is trading at $72,500 today. That marks a 4.57% increase over the past 24 hours.
The rally follows a wave of new money moving into Bitcoin ETFs. Investors have been adding to their positions this week.
On-chain tracker Lookonchain shared new flow numbers on X. The account posted: “1D NetFlow: +6,603 $BTC (+$472.2M).”
That single day of inflows added up to $472.2 million. It points to strong demand from ETF buyers.
Lookonchain also shared a longer-term update. The seven-day total came to 11,149 BTC, worth about $797.21 million.
This means ETF demand has stayed steady all week, not just in one session. Buyers have kept adding Bitcoin through the funds.
ETF Inflow Data From SoSoValue
SoSoValue tracks Bitcoin ETF numbers too. Its data shows a $517.19 million net inflow on August 19.
Cumulative net inflows for U.S. spot Bitcoin ETFs now stand at $52.79 billion. Total net assets are $84.31 billion.
These figures come from all major Bitcoin ETF issuers combined. They give a full picture of how much money sits in these funds.
What The Bitcoin Chart Shows
Bitcoin broke above the $67,333 resistance level during this move. The coin is now trading above its 20-, 50-, 100-, and 200-day EMAs.
The 200-day EMA sits at $71,549.86. The 100-day EMA is lower, at $66,552.56.
Trading volume rose during the breakout. Volume reached close to 31,520 BTC on the chart.
Bitcoin open interest is climbing as well. CoinGlass data shows open interest near $51 billion as BTC rallied toward $69,000 on August 20.
Rising open interest alongside a rising price usually means more traders are opening new positions. It can also mean bigger price swings if those positions get closed at once.
The $67,333 level is now the key support to watch. A break below it could point to a failed breakout.
The next support area under that sits at $62,975. Traders are watching whether Bitcoin can hold above $67,333 in the sessions ahead.
