Spot bitcoin funds pulled in $337.56 million on Aug. 24, extending their inflow streak to seven consecutive sessions. The money keeps rolling in as the bitcoin rally holds above $80,000 — a move that began with a short squeeze.
Seven days, no letup
The latest daily number, reported for Aug. 24, keeps the streak alive. That's a week's worth of straight additions, a sign that buyers aren't losing interest even after the initial squeeze pushed prices higher.
The $337.56 million figure lands mid-pack for the recent run — not the strongest day, but still well above the kind of dribble that would signal momentum fading. Fund managers and traders alike are watching whether the streak breaks or stretches further into September.
The short squeeze that started it
This rally didn't start with a gentle drift upward. It began with a short squeeze, the kind of forced buying that happens when bears get caught on the wrong side of a move. That squeeze triggered a cascade: prices jumped, shorts covered, and momentum traders piled in.
Once the squeeze ran its course, the question was whether follow-through would stick. So far, the ETF inflows suggest it has. Money flowing into spot funds is the kind of durable demand that can hold a rally up even after the initial short-covering fuel is gone.
What's holding it together
Above $80,000, bitcoin is in territory that historically brings out both new buyers and old sellers. The fact that spot funds are still taking in money after seven days says something about conviction. It's not just day traders flipping positions — this looks like allocators and long-term holders adding exposure.
The inflow streak doesn't guarantee the rally survives the week. But it does provide a floor of demand that wasn't there a month ago. As long as the money keeps coming, the pressure is on the short side.
