Check the breakdown of my portfolio and my returns. Follow me for investment tips!

The demand for ETFs currently represents more than 40% of the price variation of BTC, making it a key factor, along with adoption trends and macroeconomic signals, according to the report. The bank indicated that the expected risk is biased to the upside, as the acceleration of ETF inflows and persistent user activity suggest stronger network effects than anticipated.

In the last two trading sessions, the price of Bitcoin has managed to increase by just over 4% and is now very close to the $110,000 zone per BTC. For now, the bullish bias remains intact, driven by a perception of constant demand, supported by the growth of key metrics that reflect the dynamics of the Bitcoin market. Additionally, overall confidence has stabilized, which has allowed buying momentum to remain active. If these conditions persist, buying pressure could become even more relevant in the short term.