The price of Bitcoin stabilizes around $94,767. Is this the last chance to buy before exploring new highs? The price of Bitcoin (Bitcoin-BTC) has recently stabilized around the level of 94,76734035232852 after rising by 11% compared to its recently recorded lows, benefiting from a wave of new institutional investments into Bitcoin Spot ETFs led by BlackRock's IBIT fund, which received more than $240 million in just one day, followed by Fidelity's fund, which received $108 million. The total investments into these funds exceeded $41.2 billion, indicating a renewed confidence from institutional investors in the sector leader.

These large purchases caused the price to rise from 85,00034035232852 to nearly 94,25034035232852, renewing optimism about the possibility of reaching the $100,00034035232852 mark soon; especially since its acquisition of buying momentum driven by additional institutional investments through Bitcoin Spot ETFs and a decrease in selling pressure from miners creates a shortage in its circulating supply with increasing demand, which usually leads to strong upward waves.

The total incoming investments into Bitcoin ETFs have exceeded $41.2 billion.