📈 Bitcoin Holds Strong Above $70K as ETF Inflows Accelerate
Institutional Demand Keeps Bull Momentum Alive
By CryptoWire | June 5, 2025
Bitcoin continues to defy the odds, holding steady above $70,000 as a surge in ETF inflows points to renewed institutional demand. The benchmark cryptocurrency is up 3.2% in the past 24 hours, with analysts eyeing a potential breakout to $75K if bullish momentum persists.
💼 ETF Inflows Hit $800M This Week
BlackRock’s IBIT and Fidelity’s FBTC led the way, pulling in $350M and $290M, respectively, over the past three trading sessions. Market experts suggest the demand surge is being driven by institutional hedge reallocation amid inflation uncertainty and interest rate cuts signaled by the Fed.
🗣️ Analyst Watch
“Bitcoin’s resilience is remarkable given macro volatility,” said Galaxy Digital's Mike Novogratz. “We’re likely entering a new accumulation phase before a late summer breakout.”
🏦 On-Chain Strength
Daily active addresses: Up 9% this week
Exchange outflows: Indicate strong long-term holding behavior
Hashrate: Near all-time highs, supporting network strength
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🚨 Key Resistance Levels
Support: $68,300
Resistance: $73,800
A clean break above $73.8K could trigger FOMO-driven buys.
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🧠 TL;DR
BTC holds $70K+
ETF inflows show strong demand
Analysts bullish toward Q3
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Meme Caption for BTC Image:
> “Institutions buying the dip while you wait for $30K 🤡:
