According to Glassnode and The Block, spot bitcoin ETFs recorded their fifth consecutive day of net inflows on Wednesday (May 7), bringing the five-day total to $1.69 billion—the longest streak since July 2025. Bitcoin is trading near $81,000 and has cleared two key onchain cost basis levels: the True Market Mean at $78,200 and the Short-Term Holder Cost Basis at $79,100. Analysts note the market is now approaching the next major ceiling at the Active Realized Price of $85,200, where overhead selling pressure is likely to intensify. A break above $85,200, supported by continued spot demand and easing sell-side pressure, is required to confirm the recovery has structural legs.
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