๐ Bitcoin ETF Inflows Hit New Weekly High! ๐
The Bitcoin $BTC
market is heating up again as spot BTC ETFs record $1.8B in net inflows this week, marking the strongest performance since April 2024. ๐ Institutional demand is surging, with BlackRockโs IBIT and Fidelityโs FBTC leading the charge.
๐ก Historically, strong ETF inflows have correlated with BTC price breakouts. Currently, Bitcoin is trading around $122,300, holding a solid support zone at $120K. Analysts warn that if inflows continue at this pace, BTC could test $130K resistance within days.
BTC ETF Size Chart (Top 3):
1๏ธโฃ BlackRock IBIT โ $18.6B AUM
2๏ธโฃ Fidelity FBTC โ $11.4B AUM
3๏ธโฃ ARKB (ARK Invest) โ $7.2B AUM
Whale wallets are also active โ on-chain data shows over $650M in BTC moved off exchanges in the last 48 hours, a bullish sign of long-term holding.
๐ฅ With macro tailwinds and ETF demand rising, the next leg up might already be loading. Are we about to see $150K BTC before year-end?
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