Bitcoin spot ETFs finished last week on a choppy note, with outflows of $277 million on Thursday followed by $145 million on Friday. Still, the funds finished the week in the black — extending a run of weekly net inflows that has now lasted six consecutive weeks. Key flow figures - Net inflows since April 2: $3.4 billion, according to SoSoValue. - Best week in the streak: week of April 17, with $996 million. - Most recent week: $622 million. - Weakest week: week of April 2, with $22 million. - Last week’s intraweek pattern: Monday $532 million, Tuesday $467 million, Wednesday $46 million, then the two outflow days on Thursday and Friday. This six-week stretch is the longest sustained inflow run in more than nine months — the previous comparable streak was seven weeks from June 13 to July 18, 2025, which gathered roughly $7.57 billion. What drove the volatility Analysts at Bitunix point to macroeconomic caution ahead of the U.S. April Nonfarm Payrolls report. Consensus forecasts were for a sharp slowdown in payroll growth — just 62,000 new jobs versus 178,000 previously — which suggested the labor market was cooling. That view was muddied earlier in the week by an ADP report showing 109,000 jobs added, leaving investors uncertain heading into the government release. Geopolitical developments also dampened sentiment. Reports said U.S. and Iranian forces exchanged fire near the Strait of Hormuz, though both sides reportedly left room for negotiations and reached a partial understanding on maritime issues. Those tensions, combined with mixed economic data expectations, helped turn midweek strength into late-week selling pressure. Price and technical picture Bitcoin dipped below $80,000 on Thursday. Market-watchers flagged concentrated liquidity around $78,000 and warned that a break below that level could trigger cascading liquidations. At the same time, dense short positioning between $82,000 and $83,000 kept the market squeezed between sizable resistance and support clusters. Ether ETFs Ether-focused ETFs also returned to positive territory for the week ending May 8, posting just over $70 million in net inflows after $82 million of outflows the prior week. That recovery capped a strong three-week run from April 10 to April 24 that accumulated $618 million in inflows, with April 17 alone bringing in $276 million. Bottom line Despite a late-week pullback tied to macro and geopolitical uncertainty, U.S. spot Bitcoin ETFs continue to attract capital. The six-week inflow streak and the cumulative $3.4 billion since early April indicate steady demand, even as traders navigate tight technical levels and headline-driven volatility. Read more AI-generated news on: undefined/news