š Why itās surging: Massive inflows into spot Bitcoin ETFs are flooding the marketāover $1āÆbillion recentlyāwhile institutional & corporate buyers (like MicroStrategy and others) are stacking BTC
š Technical boost: A major short squeeze wiped out more than $1āÆbillion in short positions, accelerating the rally MarketWatch.
š Macro tailwinds: Optimistic signalsālike expected Fed rate cuts, dollar weakness, Trumpās pro-crypto policies (including a U.S. Bitcoin reserve), and on-chain accumulationāare reinforcing bullish sentiment Coinpedia Fintech #BTCčµ°åæåę #crpto #trandingtopic101 #crptonews
Next stop?
Near-term resistance lies around $120Kā$128K, with support near $113Kā$116K pmc.ncbi.nlm.nih.gov+15Coinpedia Fintech
If ETF inflows and macro support continue, analysts see a path toward $130Kā$140K later this year$BTC