Bitcoin ETFs bounced back positively on Thursday, with an influx of over $100 million. This reversal came after a sharp outflow of $169.87 million on Wednesday, marking the only downward movement for BTC ETFs this week.

The total net inflow since Monday is now standing at $15.85 million, indicating a potentially bullish end to the week.

After experiencing an initial setback midweek, institutional investors have shown renewed confidence with the rise in inflows. The quick recovery in inflows following Wednesday's outflows suggests that the temporary dip was not the beginning of a bearish trend in market sentiment.

The growing institutional interest reflects a strong belief in Bitcoin's long-term prospects, despite conflicting short-term technical indicators.

On Thursday, BlackRock's ETF IBIT saw the highest daily net inflow of $80.96 million, bringing its total net inflows to $39.75 billion. Following closely behind, Fidelity's ETF FBTC recorded a net inflow of $25.90 million, with historical net inflows totaling $11.28 billion.

Meanwhile, Bitcoin's price has seen a modest increase of 0.30% in the last 24 hours, accompanied by a surge in trading activity indicated by the rising futures open interest which currently stands at $54.93 billion.

An increase in open interest along with the price suggests heightened market participation, whether in long or short positions, signaling growing investor interest and speculative activity in the crypto market.

While there is significant demand for call options in the BTC options market, indicating a bullish outlook, the negative funding rate seen today, at -0.0006%, points towards a preference for short positions among futures traders, suggesting a bearish sentiment and anticipation of price decreases.