TLDR:Bitcoin price rose 1.41% to $79,509.65, tracking the crypto market’s 1.43% gain as renewed institutional inflows supported demand.Glassnode counted $643 million entering spot funds last Thursday, while Farside recorded $730.8 million across its tracked products.Spot Bitcoin ETFs drew $3.52 billion during August, their strongest month of 2026, with inflows recorded on 16 of 21 trading days.BTC faces support between $77,200 and $78,000, while $82,000 marks resistance and September 11 inflation data provides the next test.Bitcoin rose 1.41% to $79,509.65 over 24 hours as renewed fund demand supported the latest market advance. The Bitcoin price closely matched the broader crypto market’s 1.43% gain, showing that the move extended beyond one asset. Institutional flows supplied the clearest catalyst. Glassnode reported $643 million entering spot Bitcoin ETFs last Thursday, its largest single-day reading since January.Bitcoin Price Gains Support From Renewed ETF DemandThe latest advance follows a sharp change in fund activity. U.S. spot products attracted inflows on 16 of August’s 21 trading days. Nine consecutive positive sessions also ran from August 17 through August 27.Assets held by the funds climbed to $99.61 billion by August’s end, up from $76.29 billion in July. Monthly trading volume increased nearly 49% to $58.63 billion. Those figures show that both capital and trading activity expanded during the rally.Source: GlassnodeHowever, September flows have not moved in one direction. Bitcoin ETFs lost $236.5 million on September 1, then added $101.1 million and $730.8 million over the next two sessions. Another $174.6 million arrived on September 4, before a $46.6 million outflow on September 8.The uneven sequence places more weight on whether institutional subscriptions continue after the large Thursday allocation. Sustained inflows can absorb coins offered by sellers, while renewed redemptions would reduce that source of spot demand.Broader markets also influenced the Bitcoin price. Its seven-day correlation with the S&P 500 reached 87.1%, indicating both markets responded to similar macro forces. Meanwhile, the Crypto Fear and Greed Index stood at 74, within the greed range.That relationship matters during a data-heavy week. A stronger inflation reading could lift yields and pressure risk assets, while softer figures could support liquidity-sensitive markets. Correlation, however, can change quickly between trading sessions.U.S. consumer inflation data due September 11 now forms the next scheduled macro test. Traders may reassess interest-rate expectations after the release, affecting equities, bond yields, the dollar and crypto assets.Holder Losses and SOPR Define the Next Market TestOn-chain data presents a different view of the Bitcoin price recovery. CryptoQuant contributor DanCoinInvestor noted that some medium-term and long-term holders continue realizing losses. That behavior appears when SOPR drops below 1.SOPR compares the value of coins when spent with their value when they were created. A reading above 1 signals realized profits on average. A value below 1 shows that moved coins were spent at an average loss.Periods below that threshold often appear during capitulation or bearish market conditions. They can also occur near local lows, when underwater holders sell while stronger buyers accumulate available supply. However, the metric does not guarantee a reversal or identify the volume sold by each holder group.Public attention has also weakened during previous loss-taking phases, the CryptoQuant analysis said. The combination of subdued interest and long-term holders selling below cost has historically appeared during infrequent accumulation windows.Source: CryptoQuantFor the current Bitcoin price setup, $77,200 to $78,000 forms the immediate support zone. Holding that area would keep an $82,000 resistance retest open. A sustained break above $82,000 would mark a fresh attempt to extend the August recovery.Conversely, a move below support would expose $74,700 as the next downside level. The Bitcoin price must therefore balance recovering Bitcoin ETFs, loss realization and Friday’s inflation release. Each factor can affect whether buyers defend the current range or sellers regain control.The post Bitcoin Price Nears $80K as Spot ETF Inflows Regain Momentum appeared first on Blockonomi.