Bitcoin Defends $80,000 as Spot ETFs Snap Three-Day Outflow Streak

Bitcoin traded at around $80,250 on Thursday, down 0.2% since midnight UTC, but remained above the $80,000 threshold it reclaimed during a sharp jump on Wednesday. The move coincided with spot Bitcoin exchange-traded funds ending a three-day streak of net outflows, a shift in fund flows that traders closely watch as a gauge of institutional demand.

The world's largest cryptocurrency by market value had surged on Wednesday, lifting it back above $80,000, and Thursday's modest pullback left that gain largely intact. According to CoinDesk data, the spot ETF complex returned to net inflows after three consecutive sessions of redemptions, reversing a short-term drag on the market. Separately, the token tied to Injective rallied after a staked ETF listing, adding a second focal point for crypto traders during the session.

The stabilization above $80,000 suggests buyers are defending the level for now, though the small overnight decline indicates caution remains. The durability of the ETF inflow reversal will likely be a key test for Bitcoin's near-term direction, while the Injective move highlights continued appetite for staked-product structures. Market participants will be watching upcoming ETF flow data and broader risk sentiment for confirmation of the rebound's staying power.