Bitcoin Price Nears $95K Amid ETF Inflows & SEC Optimism:
* Price Surge: Bitcoin (BTC) climbed above $95,000 following positive ETF inflows of $442 million and optimism surrounding new SEC Chair Paul Atkins' pro-crypto stance.
* ETF Demand: Bitcoin ETFs have seen seven consecutive days of inflows, reaching a total of $108 billion in assets under management.
* Institutional Accumulation: Data indicates a drop in Bitcoin balances on exchanges to a 5-year low, suggesting long-term accumulation by institutional players.
* Bullish Sentiment: Technical indicators and analyst predictions suggest potential for further upward movement, with some eyeing the $100,000 mark soon.
* Supply Shock: Analysts note a potential supply shock as institutional buyers are accumulating significant amounts of Bitcoin, reducing available liquidity.
