Bitcoin slipped 0.4% to $84,028 in the 24 hours to 7 am IST on September 28, according to Purvang Mashru, Lead Analyst, BitDelta India. It traded between $83,975 and $85,043 during the period. Ethereum fell 0.8% to $2,672, while several major altcoins, including Cardano, Avalanche and Solana, posted modest gains.
A key support zone for Bitcoin is around $83,300-$84,000, while the $85,000 area remains an immediate hurdle, according to market analysts.
Institutional demand, however, remains a key support for Bitcoin. US spot Bitcoin ETFs saw about $2.39 billion in net inflows during the week ended September 25, while Ether ETFs attracted around $690 million. The latest completed US session alone saw $134.5 million flow into Bitcoin ETFs and $87 million into Ether ETFs.
“Bitcoin is hovering around $84,000 after last week’s $2.4 billion in ETF inflows, the strongest weekly inflow since October 2025,” said Prateek Gupta, Head of Business at Mudrex. He added that around 31,800 Bitcoin moved off exchanges last week, which could point to accumulation, although rising unrealised profits also indicate a higher risk of a correction.
Minal Thukral, Executive VP–Growth & Crypto Business Head at CoinDCX, said Bitcoin had come under pressure after falling to around $83,386, while Ethereum was trading near $2,653. The broader market remained mixed, with Quant emerging among the day’s strongest gainers.
According to Riya Sehgal, Research Analyst at Delta Exchange, the recent pullback reflects a combination of elevated US Treasury yields, profit-taking after Bitcoin’s move above $87,000, cooling ETF momentum and positioning after derivatives expiry, rather than a single crypto-specific trigger.
“Bitcoin’s current consolidation is becoming a test of how much geopolitical uncertainty the market can absorb,” said Avinash Shekhar, Co-Founder & CEO of Pi42. He said Bitcoin’s pullback below $84,000 remained relatively contained despite uncertainty around the US-Iran situation.
Vikram Subburaj, CEO of Giottus, said the recent recovery had been supported by strong US spot Bitcoin ETF inflows and improved spot-market buying, but elevated Treasury yields and a more hawkish outlook for US interest rates were keeping pressure on risk assets.
Investors are also watching upcoming US inflation data for clues on the Federal Reserve’s policy path. Nischal Shetty, Founder, WazirX, said softer commodity and currency signals were supportive for crypto risk appetite, although rate expectations continued to constrain liquidity.
For Bitcoin, analysts broadly see the $83,300-$84,000 region as an important near-term support area, while a sustained move above $84,800-$85,000 could indicate improving momentum. At the same time, the differing views on ETF flows, leverage and macroeconomic conditions highlight that Bitcoin’s next move could remain sensitive to both global markets and investor positioning.