BTC Eyes $100K+ Amid Institutional Buying & ETF Momentum
📊🚀💰
Bitcoin surged past $100,000 as a positive Nasdaq trend (May 8–9) boosted sentiment. According to analyst Obchakevich, this bullish momentum started as early as May 2, with IBIT inflows reaching $675M, hinting at strong institutional demand 🏦📈.
The rally is expected to continue unless disrupted by major macro or geopolitical shocks 🌍⚠️.
Meanwhile, ETF flows remain largely positive, with Grayscale’s GBTC being the outlier.
Obchakevich explains that GBTC outflows stem from high fees (~1.5%), political uncertainty, and conflicts like the India-Pakistan standoff. Despite this, whales and funds appear bullish overall, rotating into lower-fee ETFs like BlackRock’s IBIT 📉➡️📈.
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BTC Trade Idea:
Entry: $98,500 – $100,000
TP1: $105,000
TP2: $112,000
SL: $96,000
Bias: Bullish, supported by ETF inflows, strong tech sector, and positive institutional sentiment ✅
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TL;DR:
💼 Institutional buying remains strong
📈 Nasdaq rally fuels BTC growth
⚖️ GBTC outflows due to fees & global uncertainty
🎯 BTC poised for new highs barring macro shocks
#Bitcoin #BTC #CryptoTrading #ETF #BlackRock #gbtc #CryptoNews #BTC100K
