Bitcoin Breaks Back: $588M ETF Surge Signals Institutional Comeback

After a volatile June, Bitcoin is staging a powerful rebound—and this time, institutions are leading the charge.

$ETH Inflows Speak Volumes

In just two days, more than $588 million flowed into spot Bitcoin ETFs, with BlackRock alone adding over $600 million. This marks the strongest inflow in over a month, echoing momentum last seen during Bitcoin’s 2020 breakout.

Long-Term Holders Stay Locked In

Over 14.7 million $BTC —roughly 75% of circulating supply—remains untouched, highlighting unwavering conviction from long-term holders. This HODL trend historically aligns with major uptrends.

Key Technical Levels to Watch

Support: $105.6K

Resistance: $108K

Target: $110K+ in the short term if $ETH inflow momentum holds

Why This Matters

This setup mirrors early-stage bull cycles: low exchange balances, heavy institutional flows, and long-term holder accumulation. The last time these signals aligned? Late 2020—before Bitcoin surged over 300%.

With inflation cooling and the Fed signaling fewer hikes, risk assets are back in focus. Bitcoin is increasingly viewed as a digital macro hedge—and institutions are taking notice.

🔥 If momentum sustains, this could be the spark that pushes $BTC toward new all-time highs before year-end.

#BTC #ETH