Bitcoin is heating up again! After days of sideways movement, BTC is now testing the top of its consolidation range near $109K–110K. The big push? Strong ETF inflows that just won’t slow down! 💰
In the past 14 days, spot Bitcoin ETFs have seen relentless inflows, adding up to over $9.9 billion since May 1. Just last week alone brought in $2.2B. This kind of buying pressure is no joke—smart money is pouring in! 📈
Meanwhile, BTC on centralized exchanges keeps dropping. We’re now in the longest decline streak in 7 years. Supply is drying up while demand is pumping hard—a perfect storm is brewing! 🌪️
Analysts say this combo—ETF inflows, low exchange supply, and macro pressure—could push Bitcoin toward $116K in the coming weeks.
But it all comes down to this range. If BTC can break and hold above $110K, we might see a serious leg up. Fail to break, and we could retest $106K again.
Keep eyes on the chart… breakout or fakeout?🤔
