$BTC #BTC110KToday?

Bitcoin ETF Inflow Hits $588M—Is a $112K Rally Next?

Bitcoin Rebounds After Middle East Ceasefire – BTC surges 9% in 3 days after dropping to $98K on US-Iran conflict fears; eyes $112K retest.

ETF Inflows Hit $588M in a Day – Spot Bitcoin ETFs mark 11 straight days of inflows; BlackRock’s IBIT leads June with $436.3M in buys.

The Bitcoin Price witnessed a turbulent price action over the past couple of days, driven by escalating and potentially de-escalating conflict in the Middle East. The BTC price plunged to lows of $98,200 following US attacks on Iran but quickly rebounded and is up nearly 9% in the past 3 days after ceasefire talks emerged.

A ceasefire has restored some confidence in the market, and it is now inching towards retesting its ATH of $112K.

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Moreover, most recently, Anthony Pompliano’s ProCap BTC, LLC has bought $386 million worth of Bitcoin, following this week’s recent buys of Strategy, Metaplanet, and the Blockchain Group, into their treasury. Keep reading to know more.

Bitcoin ETF Inflows Saw $588 Million- June’s Highest

According to Farside investors, the BTC ETF saw inflows of $588.6 million on Tuesday, marking the largest single-day total for June. This surge extends the streak to 11 days of positive net flows, the longest since December 2024.

Data from Farside Investors indicates that BlackRocks

In contrast, Grayscale’s GBTC experienced outflows, losing $85.2 million.

Bitcoin Price Forecast: Will BTC Retest $112K?

The Q2 price action witnessed a magnificent run, with its gains surging from $75K To $112K, marking nearly 49% gains by May 22nd. However, the momentum reduced and ended up in a range; this range turned out to be a flag pattern in June.

The recent surge from the lower to the higher border indicates this pattern. If the upper border is breached, it is more likely that its price may retest to $112K soon, and breaking that would trigger a strong rally.