Bitcoin’s market setup has turned more constructive after a week in which BTC recorded its biggest weekly candle since 2023, while spot Bitcoin ETFs pulled in $1.92 billion—the strongest weekly inflow of 2026. The cryptocurrency traded at $76,914.81, down 1.05% for the week, but technical analysts noted that the asset had broken above a descending trendline that had capped rallies for more than a year and reclaimed a key long-term support band. Historically, that kind of reclaim has marked cycle bottoms rather than failed rallies.
Adding to the debate, prominent Bitcoin bull Michael Saylor did not buy Bitcoin during last week’s $15,000 surge, according to commentary highlighted by CryptoTwitter commentator @RookieXBT. Saylor is known for significant Bitcoin purchases through MicroStrategy, and his recent absence coincided with growing ETF demand and a notable exit of sellers from the market. Some traders view the lack of buying from such a high-profile figure as a mixed signal, even as institutional inflows strengthen the broader bid.
Fresh capital is entering the market while leverage is falling, a combination that many analysts regard as healthier than a leveraged speculative rally. Bitcoin has climbed roughly 30% since early July, and continued ETF inflows could keep upward pressure on prices. Market participants are watching whether Saylor re-enters as a buyer and whether ETF demand can sustain its record pace.
