US Bitcoin ETFs saw over $3 billion in weekly inflows, a five-month high.
Bitcoin’s price surged 11%, fueled by strong institutional buying and limited supply.
Analysts expect Bitcoin to break $100,000 soon, driven by renewed market momentum
Money moved like a tidal wave last week, flooding into US Bitcoin ETFs at an unbelievable pace. Over $3 billion poured into these funds, marking the strongest weekly surge in five months. The momentum surprised even seasoned analysts, as Bitcoin’s price rocketed higher. Big players like BlackRock and Fidelity lit the fuse, and now, excitement crackles through the entire crypto landscape. Bitcoin bulls seem ready to charge with renewed energy.
https://twitter.com/cointelegraph/status/1916386860621849023 Wall Street’s Bitcoin Stampede
BlackRock and Fidelity stole the spotlight during this historic week.BlackRock’s IBIT ETF alone roared past $240 million in a single day, an astonishing figure.Fidelity followed close behind, adding $108 million and reinforcing strong institutional interest.Even heavyweights like Grayscale and ARK21Shares joined the party, pulling fresh capital into Bitcoin’s orbit. Bitcoin’s price wasted no time reacting to this rush.The digital asset soared 11%, vaulting from $85,000 to an impressive $94,250. Traders and analysts are optimistic as Bitcoin eyes the $100,000 threshold.
Bloomberg’s Eric Balchunas captured the mood perfectly, calling it a “Bitcoin bender.” His comment painted a wild picture of the market’s sudden, furious rally after weeks of sluggish flows. Historical behavior tells a clear story too. Past Bitcoin ETF inflows almost always sparked massive price rallies. This recent burst mirrors those moments when Wall Street couldn’t get enough of Bitcoin. Behind the scenes, miners sold fewer coins, adding fuel to the supply shortage.Limited supply paired with surging demand often lights a fire under prices, and this time feels no different.
What Comes Next for Bitcoin and ETFs?
Glassnode data reveals another bullish clue. Open interest in Bitcoin derivatives climbed sharply, suggesting that institutional players are gearing up for more action. The appetite for risk feels palpable, like a crowd leaning forward before a race begins. With fresh money flooding in and fewer coins changing hands, Bitcoin’s price looks poised for another sprint.
Analysts believe Bitcoin crossing $100,000 would unleash a whole new wave of excitement.History hints that once momentum starts, stopping it becomes nearly impossible. Institutional confidence acts like rocket fuel for Bitcoin’s price. Strong ETF inflows, reduced miner selling, and surging derivatives interest create a powerful combination.
Bitcoin may soon break through psychological barriers and venture into uncharted territory. Every chart points north, every forecast grows more bullish, and every Bitcoin believer dreams bigger. The next few weeks could shape Bitcoin’s story for years to come.
