Bitcoin Rebounds to $84,450 as ETF Inflows Extend to Eighth Consecutive Day

Bitcoin recovered from an intraday low of $82,560 to close near $84,450 on September 28, demonstrating support holding above key technical levels despite volatility in Treasury yields which climbed to 5.27%. Spot Bitcoin ETFs extended their winning streak to eight consecutive trading days with $31.1 million in net inflows on Monday, bringing September's total to $2.7 billion, with BlackRock's iShares Bitcoin Trust leading inflows at $54.8 million. The price action reflected investor resilience amid macroeconomic pressures including oil price advances and stalled Iran ceasefire negotiations.

Bitcoin's recovery to $84,450 on Monday reflected investor confidence despite concurrent headwinds in fixed-income markets. Rising Treasury yields—climbing toward 5.27%—typically pressure growth assets as bonds become more attractive. However, buyers defended support around $82,560, suggesting institutional conviction remains intact even as macroeconomic uncertainty persists through geopolitical tensions affecting energy markets.

The eighth consecutive day of spot ETF inflows underscores sustained institutional participation, though the $31.1 million Monday addition represented a substantial decline from weekend volumes exceeding $700 million daily. BlackRock's iShares fund led accumulation while Grayscale experienced notable redemptions, indicating possible portfolio reallocation among large investors rather than uniform bullish positioning across all digital asset vehicles.