Bitcoin climbed above $81,000 driven by easing rate expectations and fresh institutional demand. US spot Bitcoin ETFs recorded a record $730.9 million inflow on September 3, with BlackRock’s IBIT accounting for roughly $454 million, their largest daily inflow since January. ETF flows and spot activity show stronger demand than the initial phase driven by short covering. The options market remains cautious with positioning concentrated around the $80,000 to $83,000 zone and implied volatility falling below realized volatility, suggesting consolidation rather than an expansion in price swings. Bitcoin must sustain ETF demand and clear the roughly $82,300 threshold to confirm a sustained bull-market breakout.
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