Bitcoin is currently trading steadily at around $64,000, today, August 5, 2026, gaining about 1% over the last day. This gain has been observed as demand spot Bitcoin ETF inflows helped balance out the concerns over ongoing market selling pressure. Investors are still cautious, especially for big Bitcoin (BTC) transfers and some long term holders taking profits, but new institutional money flowing into spot BTC ETFs is giving the market support that it needs.
At press time, the price of BTC token stands at $64,025.48 with an uptick of 0.5% in the last 24-hours as per CoinGecko.
Spot Bitcoin ETFs Extend Inflow Streak
One of the biggest developments supporting BTC has been the continued inflow into US spot Bitcoin ETFs. On August 4, 2026, the BTC ETF products recorded $211.49 million as per SoSoValue. BlackRock’s IBIT ETF saw the largest inflow of $170.35 million. Its total new inflow currently stands at $60.76 billion, making it the biggest ETF draw. Fidelity’s FBTC ranked second with a daily inflow of $19.58 million, pushing its total net inflow to $9.97 billion.
SoSoValue’s data puts the total net asset value of all spot Bitcoin ETFs at $78.26 billion, which gives them an ETF net asset ratio of 6.06% when compared to Bitcoin’s overall market capitalisation. Since these ETFs began trading, they have seen a cumulative net inflow of $51.71 billion, reflecting how far institutional adoption has come.
Long-Term Holder Activity and Whale Transfers Remain in Focus
Even though there have been strong ETF demands, traders have continued monitoring activity from long term BTC holders and large institutional wallets.
According to CryptoQuant, data shows that the amount of BTC that is held by long term holders (LTH) has started to go down after hitting the highest level in Bitcoin history. Analysts pointed out that in previous market cycles, long term holders would stock up during price drops and then sell some of their holdings when the price of the token rallied.
According to the post, a rally was observed during January 2023 and continued until December 2025. During this time, long term holders moved in and out of the market many times. When the prices fell, they increased their buying, and their purchases often exceeded more than what they sold. The recent showdown in LTH accumulation, followed by a decline in their holdings is similar to the patterns seen before the beginning of a secondary rally in previous cycles.
The post also notes that this cycle is not similar to the others. In 2013, just 8 months passed between main and secondary rallies. In 2017 it was 17 months and in 2021, 16 months. Now, it has been 31 months since the main rally, which makes it significantly different from the previous market patterns.
CryptoQuant attributed the longer timeline to the launch of spot Bitcoin ETFs, continued institutional fund inflows, and ongoing purchases by newly emerging large BTC holders. Even with the recent decline in LTH supply, long term holders still control the largest amount of BTC in history.
Institutional BTC Transfer Draws Attention
All of this is happening at a time, when reportedly, a wallet believed to be linked to Strategy transferred another 1,030 BTC, worth about $666.14 million. Last week, the same wallet sold 1,638 BTC for around $102.4 million. Despite these moves, the company still holds 842,138 BTC, roughly $52.65 billion in value.
Bitcoin miner MARA, which holds 36,303 BTC (about $2.34 billion), has also transferred 6,000 BTC, valued at roughly $384.6 million to TwoPrime. According to analysts, these types of movements are not always sales and might be linked to asset management instead but they have surely managed to gather attention within the crypto industry.
The combination of continued ETF inflows, changing long term holders and high profile Bitcoin transfers has kept investors focused on whether institutional buying can continue absorbing available market supply while Bitcoin remains steady around the $64,000 level.
