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Spot Bitcoin ETFs recorded their sixth straight week of net inflows, marking the longest positive run since August 2025. The latest data also came as Bitcoin slipped below $80,000, with analysts pointing to profit-taking, leverage unwinding, and caution before the US jobs report.
US spot Bitcoin ETFs posted six consecutive weeks of net inflows, according to SoSoValue data. The latest run stretched from the week of April 2 through Friday and brought in a combined $3.4 billion.
The current streak is the longest since a seven-week run between June 13 and July 18, 2025. That earlier period attracted about $7.57 billion, including $2.72 billion in the week of July 11 and $2.39 billion in the following week.
The strongest week in the latest streak came in mid-April. Spot Bitcoin ETFs added $996.38 million during the week of April 17. However, the weakest week came at the start of the run, when inflows reached only $22.34 million.
The most recent week still closed positive, with $622.75 million in net inflows. However, the week ended with pressure after funds saw $277.50 million in outflows on Thursday and $145.65 million on Friday.
Monday and Tuesday drove most of the week’s positive results. Spot Bitcoin ETFs recorded $532.21 million in inflows on Monday and $467.35 million on Tuesday. Moreover, Wednesday added only $46.33 million before the market reversed.
The late-week outflows came as investors waited for the US April nonfarm payrolls report. Bitunix analysts said markets entered Friday with caution as consensus estimates pointed to payroll growth of 62,000, below the earlier 178,000 reading.
The analysts also noted that ADP data showed 109,000 jobs earlier in the week. That figure made the labor market picture less clear before the official report. As a result, traders remained careful across risk assets.
Bitunix also pointed to geopolitical tension near the Strait of Hormuz. The firm wrote, “although the US and Iran have once again exchanged fire around the Strait of Hormuz, both sides continue to leave room for negotiations.” The note added that reports suggest the two sides “may have reached a partial understanding” on some maritime issues.
Bitcoin briefly dropped below $80,000 after weeks of recovery from April lows. Ethereum also moved below $2,300, while the broader crypto market lost more than $90 billion from recent highs.
According to XWIN Research Japan, Bitcoin’s decline came mainly from internal crypto market structure. The firm pointed to profit-taking and leverage positions that had built up during the recovery.
XWIN Research Japan said Bitcoin profit-taking reached 14,600 BTC on May 4. That was the highest level since December 2025. Additionally, the Short-Term Holder SOPR stayed above 1.0 from mid-April, showing recent buyers were selling at a profit.
The report said many short-term traders held losses of 20% to 30% between February and March 2026. April’s rebound moved many of those positions back into profit. Therefore, some holders sold as prices recovered.
Ether ETFs also moved back into positive territory for the week ending May 8. The funds recorded $70.49 million in net inflows after posting $82.47 million in outflows during the previous week.
The rebound followed a three-week inflow run from April 10 to April 24. That period brought in $617.91 million, with the strongest week reaching $275.83 million on April 17.
Daily flows remained uneven. Monday brought $61.29 million, while Tuesday added $97.57 million. Wednesday slowed to $11.57 million before Thursday saw $103.52 million in outflows.
Friday’s $3.57 million inflow helped Ether ETFs close the week positive. Meanwhile, Bitcoin stayed near the $80,000 to $82,000 resistance area, with $75,000 and $70,000 seen as support levels if selling continues.
Also Read: Crypto News Today: Bitcoin Price Below $80K, DOGE Falls 3.78%, CLARITY Act in Focus
