Bitcoin Holds $82K as ETF Inflows Surge Despite 32K Q1 Miner Dump

Bitcoin trades steadily near $82,000 through May 11, buoyed by surging U.S. spot ETF inflows totaling $2.7 billion over nine straight days and April's $1.9 billion record, tightening supply further as exchange reserves linger at 2.21 million BTC—2018 lows. Earlier, a five-day $1.7 billion inflow streak reversed with $423 million outflows on May 7-8, led by Fidelity's FBTC (-$226.6M) and BlackRock's IBIT (-$125.2M), amid 3,400 BTC miner sales since April and Q1's 32,000 BTC dump. Price resilience persists via 100,000 BTC exchange withdrawals since February ($8B value), underscoring institutional accumulation overpowering sell pressure.