U.S. spot Bitcoin ETFs have recorded five consecutive weeks of positive inflows, totaling approximately $3.8 billion, pushing total net assets to a record $108.76 billion. The inflow streak for the week ending May 6 added $1.05 billion, according to SoSoValue data. Bitcoin has dropped 1.3% to around $81,100 after reaching a local top of $82,500 following Iran peace deal news. Institutional appetite is returning driven by three factors: expected resolution of U.S.-Iran hostilities, AI-driven equity rally, and anticipated cryptocurrency legislation in Washington. Jeff Mei, COO of BTSE, highlights the CLARITY Act as most likely driving institutional buying by reducing regulatory hurdles. The inflow streak coincides with a structural shift in derivatives, as the 25-delta skew compresses toward neutral, indicating unwind of downside protection built during the bear phase. For wallet and key holders, the sustained institutional demand signals a maturing market with genuine spot buying that tightens available supply. Bitcoin has reclaimed key on-chain thresholds (True Market Mean at $78,200 and Short-Term Holder Cost Basis at $79,100), with next resistance at $85,200 (Active Realized Price). The unwind of hedges suggests reduced caution, but geopolitical uncertainties remain, and holders should monitor regulatory developments and macroeconomic factors as key drivers of near-term price action.

关键事实

• Spot Bitcoin ETFs recorded $1.05B net inflows for week ending May 6, totaling $3.8B over five weeks.
• Total net assets hit record $108.76B, signaling strong institutional demand.
• 25-delta skew compressing toward zero as traders unwind downside protection.
• Bitcoin reclaimed key thresholds at $78,200 and $79,100; next resistance at $85,200.
• CLARITY Act expected to reduce regulatory hurdles and boost crypto adoption.

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