Although Bitcoin attracted over $1.2 billion in new capital inflows in early 2026, its price remains volatile within the $87,000 to $90,000 range. The main reason for this price fluctuation is institutional hedging, where trading firms offset ETF-driven buying by selling Bitcoin in the futures or options markets. For investors, this means that ETF capital inflows do not immediately translate into price increases; after deducting these hedging trades, net demand is the true price driver.
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Although Bitcoin attracted over $1.2 billion in new capital inflows in early 2026, its price remains volatile within the $87,000 to $90,000 range. The main reason for this price fluctuation is institutional hedging, where trading firms offset ETF-driven buying by selling Bitcoin in the futures or options markets. For investors, this means that ETF capital inflows do not immediately translate into price increases; after deducting these hedging trades, net demand is the true price driver.