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Bitcoin below $65,000: ETF inflows confront fork risks
Сryptocurrency
Bitcoin traded below $65,000 on Sunday, down slightly over the previous 24 hours, as strong inflows into US ETFs competed with concerns surrounding the stalled BIP-110 minority chain.
US spot Bitcoin and Ethereum ETFs attracted a combined $1.1 billion last week—the best performance since April, despite trading activity remaining near multi-year lows. As of 7:54 AM, Bitcoin was trading at $64,800, down 0.28%.
Bitcoin funds have collected $853.5 million in five consecutive sessions through Friday—the largest weekly inflow since April 17. BlackRock's IBIT contributed $693.7 million, accounting for over 80% of the total, while Fidelity's FBTC added $116.4 million.
Ether spot ETFs attracted $244.9 million, extending their positive streak to five weeks—the longest in 2026. Thursday's inflow totaled $92.2 million, the largest single-day total for the period.
Bloomberg Intelligence analyst Eric Balchunas noted that a number of Bitcoin funds have seen inflows every day since the Coldcard exploit was revealed on July 30. Galaxy Research estimates that 1,719 Bitcoins, worth approximately $111 million, were stolen, with total losses potentially exceeding $130 million.
Demand weakened over the weekend after the US job growth unexpectedly declined by 23,000, instead of the expected 80,000 gain. Bitcoin ETF turnover fell 9% to $8.19 billion, the second-lowest weekly figure since October 2024.
Funds also remain in the red year-to-date. Bitcoin ETFs have seen approximately $4.44 billion in net outflows since January, while Ethereum-based products have lost approximately $873 million.
It's also worth noting that the controversial BIP-110 fork has effectively stalled, producing just two blocks in approximately eight hours. During the same period, the main Bitcoin chain advanced 48 blocks, clearly demonstrating the lack of mining power on the forked network. BIP-110 aims to restrict images, text, and other non-payment data in Bitcoin transactions for one year. The mandatory signaling period began at block 961,632, after which supporting nodes began rejecting blocks that did not signal approval.
Only 2.53% of recently mined blocks supported the proposal—well below the 55% threshold. The minority chain inherited Bitcoin's mining difficulty but has too little hashrate to regularly produce blocks. At the current rate, the next difficulty adjustment is expected in approximately 350 days.
Both chains continue to accept identical transactions, exposing holders attempting to sell the forked coins to replay attacks that could also remove their real BTC.
Crypto Market Today: Most Altcoins Show Mixed Performance on Sunday
In the broader crypto market, most altcoins showed mixed results amid low trading activity on Sunday.
The world's second-largest cryptocurrency by market cap, Ethereum, fell 0.07% to $1,915.52.
XRP traded at $1.0333, down 0.25%.
Solana rose 1.98% on the session, trading at $76.28.
Cardano also declined, with its latest reading showing a 1.05% drop.
Among memecoins, Dogecoin fell 0.44%, while $TRUMP rose 0.54% on the day.