Bitcoin recovered to trade near $84,000 on Monday after sliding to a seven-day low of just over $82,500 early in the session. The rebound came following a volatile weekend that saw the cryptocurrency initially drop from near $84,900 to below $82,600.
The price dip wiped out nearly $92 million in leveraged long positions on derivatives markets within 24 hours. By midday, Bitcoin had recovered to trade above $83,360, down 1.5% for the day but maintaining gains of more than 7% for the month.
ETF Inflows Drive Positive Sentiment
Spot Bitcoin exchange-traded funds saw strong buying pressure, pulling in $2.39 billion over the past week. This marked the largest weekly inflow since October 2025 and helped push year-to-date ETF flows into positive territory after standing at minus $5.7 billion in mid-July.
The inflows absorbed roughly 27,800 BTC over the week, equivalent to two months of new issuance. Analysis of Commodity Futures Trading Commission data suggests the buying reflects directional demand rather than basis-trading activity.
Technical Levels Guide Price Path
Onchain analysis points to key technical thresholds that will determine Bitcoin's near-term direction. The largest cluster of long-term holder supply sits between $84,000 and $85,000, where recent buying has settled.
According to Bitfinex analysts, the first major resistance level sits at $96,700, representing the mean Market Value to Realized Value price where historical average holder profits normalize. Crucial support lies at $77,000, which separates a consolidation phase from a failed recovery. Bitcoin holding above $84,000 keeps the path toward $96,700 open.
