Equity weakness may dampen bitcoin demand despite record ETF inflows

Bitcoin price dropped 1.1% to $81,393 over the last 24 hours, while broader crypto indices fell on declining Asian stocks and rising oil prices. Analysts at QCP Capital warned that further equity market weakness could threaten the $80,000 support level. Despite this risk, U.S. spot bitcoin ETFs posted their biggest monthly inflows, led by BlackRock's IBIT with $665.2 million, while ether ETFs saw consecutive outflows, indicating bitcoin-specific demand.