Skip to content
- Bitcoin ETFs saw over $600 million in inflows last week, driven by strong institutional buying despite price consolidation.
- Institutions helped keep Bitcoin above $100,000 as retail investors took profits, with whales withdrawing 18,000 BTC from exchanges for long-term holding.
- Analysts highlight key support near $98,000 and resistance around $116,900, projecting a potential breakout towards $120,000.
Bitcoin continues to capture the attention of institutional investors, as recent data shows a robust inflow of over $600 million into Bitcoin Exchange-Traded Funds (ETFs) this past week. This surge in ETF inflows highlights growing confidence among large investors despite Bitcoin’s recent sideways price movement.
After a week of price consolidation, Bitcoin’s trading has shown signs of uncertainty in direction. However, institutional demand remains steady, with ETF data revealing consistent buying activity. Notably, ETFs only recorded a single day of negative flow during the entire week, emphasizing the strong accumulation trend by institutions.
Institutional investors have played a crucial role in maintaining Bitcoin’s price above the $100,000 mark, even as retail traders have been taking profits amid the recent surge. Spot market outflows reached nearly $487 million between Monday and Friday, indicating some retail sell pressure. Yet, the continued accumulation by whales and institutional players has helped balance the market.
Market analyst Ali Martinez noted this institutional support as a potential precursor to a significant Bitcoin price breakout. Technical levels show strong support around $98,000 and resistance near $116,900, based on Bitcoin’s MVRV (Market Value to Realized Value) extreme deviation bands. These key levels suggest that BTC could move either 5% lower or rally as much as 13%, depending on market sentiment.
Ali Martinez projects that if BTC maintains support, it could surge toward $120,000, reaching new all-time highs. Similarly, market expert Rekt Capital points to historical price patterns indicating Bitcoin is poised for a bullish breakout.
The broader market environment has also improved, supporting Bitcoin’s bullish case. The recent easing of global trade tensions and healthier liquidity flows have boosted investor confidence in cryptocurrencies. This positive backdrop, combined with strong institutional inflows, signals a promising outlook for BTC.
Whales Withdraw 18K Bitcoin Amid Bullish Signals
Additionally, Bitcoin exchange reserves have dropped significantly over the past week, with more than 18,000 BTC leaving exchanges. This trend indicates that large holders and institutions are moving Bitcoin into long-term storage, further supporting the accumulation narrative.
While retail interest remains subdued, the ongoing institutional buying activity has historically preceded major price moves. The consistent inflows through Bitcoin ETFs and growing corporate interest underscore the possibility of a significant rally shortly.
Analysts warn of an upcoming increase in Bitcoin’s volatility, which could lead to decisive price swings. A surge in FOMO (fear of missing out) among retail investors might fuel a strong rally, but it could also create opportunities for large holders to sell at higher prices.
The latest Bitcoin ETF inflows highlight the strengthening institutional conviction in the crypto market. If BTC can hold above critical support levels, it may soon break out to new highs, fueled by sustained demand and favorable market conditions. Investors should watch for increased volatility as BTC prepares for its next big move, potentially setting the stage for a fresh bullish rally.
Related | Bitstamp Secures MiCA License for EU Crypto Expansion
