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Bitcoin Surpasses $80,000 on Strong ETF Inflows Ahead of Strategy Earnings

Bitcoin climbed above $80,000 for the first time since January on Sunday, propelled by sustained inflows into US spot exchange-traded funds.

BTCUSD-2026-05-05

The cryptocurrency rose 2.6% over 24 hours to breach the key psychological level, marking a recovery from earlier 2026 volatility. US spot Bitcoin ETFs recorded $153.87 million in net inflows for the fifth straight week, with recent sessions showing even stronger demand including $843.6 million on a single day led by BlackRock’s iShares Bitcoin Trust. Friday alone saw $630 million in inflows, contributing to over $1.7 billion across three days.

These flows signal renewed institutional appetite amid broader market gains. Asian stocks neared record highs, boosting risk sentiment, while traders monitored US-Iran geopolitical tensions that have swayed crypto risk appetite.

Adding to the momentum, Strategy Inc., formerly MicroStrategy, holds 818,334 BTC valued at around $64 billion with a 4.23% unrealized gain. The firm paused Bitcoin purchases ahead of its Q1 2026 earnings due on Monday, May 5, where analysts expect revenue near $120 million but significant losses from mark-to-market accounting on its holdings.

The rally underscores Bitcoin’s integration into mainstream finance via ETFs approved in 2024, which have amassed billions in assets under management. With Q1 seeing $14.46 billion in unrealized losses for Strategy due to a 20% price drop, renewed inflows highlight shifting investor confidence.

Analysts see potential tests of $86,000-$88,000 resistance next if inflows persist, though volatility remains amid policy uncertainties and global risks. Markets await Strategy’s results for clues on corporate Bitcoin strategies.

About the author

Martin Lam

 

Martin Lam is ATFX Chief Analyst for Asia Pacific, with over 20 years of experience in global forex and investment markets. He holds a degree in Finance and Economics from Deakin University and has held senior roles at leading FX brokerage firms.

More from Martin Lam

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