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#btc
📈 Why are Bitcoin and Ethereum rising today?
1. Spot ETF inflows & institutional demand
Major capital is flowing into spot Bitcoin and Ethereum ETFs. Bitcoin ETFs, in particular, have attracted new capital 18 out of the past 21 days, bringing in around $6.9 billion in three weeks . Similarly, Ether ETFs have recorded 15 consecutive days of inflows totalling nearly $837 million .
2. Surge in futures open interest
Open interest (OI) in Bitcoin futures hit record highs—$72.6 billion across all exchanges and 157,875 BTC on CME alone—indicating heavy bullish positioning .
3. Improved macro risk appetite
Positive macro factors are giving investors confidence:
A stronger-than-expected U.S. jobs report (139,000 jobs added in May) fueled stock market gains, which spilled over into crypto .
Broader macroeconomic tailwinds are also playing a role .
4. Technical rebound
Bitcoin bounced back from recent dips (e.g. below $101k to ~$104k), supported by technical indicators like Bollinger Bands and key moving averages . This rekindles short-term momentum, and analysts are eyeing a move above resistance levels (~$107–111k).
5. Corporate accumulation & regulation
More companies (around 80 globally) are adopting Bitcoin as a treasury asset. GameStop recently invested $500 million in BTC, and Trump Media raised $2.5 billion for its own Bitcoin reserves . The U.S. recently established a “Strategic Bitcoin Reserve,” reinforcing the institutional embrace of crypto .
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🔄 Summary of current dynamics
Factor Impact on Price
ETF inflows (BTC & ETH) Sustained upward pressure
High futures OI Indicates leveraged long positioning
Macro risk-on sentiment Higher appetite for risk assets
Technical rebound & momentum Short-term bullish pressure
Corporate & institutional accumulation Structural demand increasing