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Bitcoin ETFs just had their best weekly inflow since last October, erasing a nearly $5.8 billion year-to-date deficit in roughly two months. This is a genuine turning point for institutional demand and is the primary reason Bitcoin has held above $80,000.

More than $3 billion flowed into US crypto ETFs this week, with nearly $800 million going into Ethereum and altcoin products. The breadth of buying across products signals that this is not a narrow Bitcoin-only move.

Bitget raised its hack estimate to $387.5 million and outlined a plan to resume withdrawals. The exchange is now dealing with heavy customer outflows and the stolen funds are being laundered, which keeps pressure on trust in centralised platforms.
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