Bitcoin has soared past the $110,000 mark, powered by a wave of investor confidence. Spot BTC ETFs recorded over $600M in inflows on Wednesday alone, marking the sixth consecutive day of net inflows.
📈 BlackRock's IBIT led the charge with a massive $530M daily gain, while Fidelity’s FBTC followed with $23.5M. Total assets under management for BTC spot ETFs now stand at $129B.
The spike in ETF demand coincides with BTC's new all-time high of $111,880, hit during early Asian trading on Thursday. The funding rate on perpetual futures also surged to 0.018%, the highest since February, signaling strong bullish momentum.
Still, options markets reflect cautious optimism. Traders are evenly split between calls and puts, suggesting a "wait-and-see" sentiment about whether Bitcoin can hold above $110K—or if this is just another bull trap.
Is this the beginning of Bitcoin’s next mega rally? Or are we due for a sharp correction?
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