Bitcoin ETFs Post 2026's Strongest Weekly Inflows as Markets Turn to October Rate, Inflation and Liquidity Risks

Strategy moved 3,568 Bitcoin ($297M) between wallets on Tuesday, raising questions about potential sales. On-chain analysts attributed the transfer to Fidelity's custody system. Strategy had recently acquired 1,665 Bitcoin ($142.7M), bringing its total disclosed holdings to 847,666 Bitcoin ($63.95B). The purpose of the transfer remains unconfirmed.

Alkanes, a Bitcoin metaprotocol, drove 61.1% of Bitcoin transactions between June 23 and September 20, according to SUBFROST. Alkanes used 40.3% of block space and 13.4% of transaction-fee revenue. The protocol is maintained by SUBFROST and is popular in the Asia Pacific region. SUBFROST's data shows 99.7% of UNCOMMON•GOODS Runes mints in the period were also DIESEL mints.

Spot Bitcoin ETFs saw eight straight days of inflows, totaling $2.39B, the largest since October 2025. Cumulative inflows reached $57.5B since January 2024, with total assets nearing $108B. Traders are betting on $90K and $95K call options, but Bitcoin's price remains around $83K-$84K, 34% below its peak. BlackRock's IBIT and Fidelity's FBTC led inflows. Options activity may be pinning the price.

Bitcoin (BTC) fell to $83,116 on September 28 after peaking at $87,359 last week. This drop occurred despite $2.39 billion in inflows to US spot Bitcoin ETFs, the highest since October 2025. Investors are noted to be returning, but the asset faces significant supply near recent highs.

Strategy acquired 1,665 BTC for $142.7M between September 21-27, bringing its total holdings to 847,666 BTC. The company also repurchased $151.7M of STRC preferred shares. Strategy funded these activities partly through selling 1.47M common shares for $246.2M.

Trader Peter Brandt predicts Bitcoin could reach $300,000 to $600,000 by 2029, calling the October pullback a buying opportunity. He suggests Bitcoin may have bottomed in June and could see a short-term dip to $65,000-$66,000.