Bitcoin (BTC) continued to demonstrate strength on Monday as spot ETF products recorded a massive $667 million in inflows. Leading the charge once again was BlackRock’s iShares Bitcoin Trust (IBIT), which added 2,910 BTC to its holdings. Meanwhile, Bitcoin’s price climbed 3%, approaching $106,000, and technical indicators suggest a potential bullish breakout may be on the horizon.
🟢 BlackRock and Other ETFs See Billion-Dollar Momentum
BlackRock’s IBIT led Monday’s inflow with $306 million, continuing a strong trend noted by analyst Nate Geraci, who pointed out that the fund has seen daily inflows in 23 of the past 24 trading days, underscoring sustained investor interest in Bitcoin exposure.
🔹 Fidelity’s FBTC contributed $188 million
🔹 Ark Invest’s ARKB added $155 million
🔹 Total ETF inflows now exceed $6.5 billion since launch
In just the past four trading sessions alone, Bitcoin ETFs attracted more than $1.1 billion.
📈 Bitcoin Sets Up for a Golden Cross Breakout
Following a brief period of sideways movement, BTC surged back above $105,000, with open interest rising 7% to $73 billion. At the same time, short liquidations hit $45 million, reinforcing upward momentum.
Crypto analyst Benjamin Cowen highlighted that Bitcoin is on the verge of forming a “golden cross”—a technical pattern in which the 50-day moving average crosses above the 200-day MA. This formation is often seen as a strong bullish signal for upcoming market trends.
🧮 Renewed Buying Activity Amid Broader Economic Concerns
According to CryptoQuant, Bitcoin’s net spot volume delta on Binance has shifted positively, indicating a revival of buying interest on spot markets. This trend is helping to alleviate recent selling pressure and may support short-term price appreciation.
This uptick in activity comes at a time when broader financial markets are still reacting to Moody’s recent downgrade of the U.S. credit rating, which highlighted growing fiscal vulnerabilities. Against this backdrop, Bitcoin is once again gaining favor as a hedge and alternative store of value.
#BTC , #etf , #GoldenCross , #bitcoin , #CryptoNewss
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