Mike Smith
3 hours ago
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Thursday morning, BTC was trading at $107,400, just four percent below its all-time peak. The growth was supported by a record inflow of funds into spot ETFs, which bought thousands more coins over the past fourteen hours, strengthening demand in the market and confirming the cryptocurrency's status as a protective asset amid global uncertainty.
Since June 9, the sector has seen twelve consecutive trading sessions with net inflows totaling approximately $3.9 billion. Total capital raised by ETFs since January 2024 has already reached $48.4 billion, with assets under management approaching $125 billion. On Wednesday alone, $547 million flowed into the funds, with $340.3 million coming from BlackRock's IBIT, $115.2 million from Fidelity's FBTC, and third place went to ARKB with $70.2 million. This concentration of inflows reinforces the positive feedback loop and pushes new waves of capital from managers focused on the performance of assets under management.
Nate Geraci, president of The ETF Store, called what's happening “almost insane” and added that total inflows into the category are “almost at the $50 billion threshold.” Analysts agree: the scale of interest is comparable to the early days of gold funds, but the momentum is noticeably faster thanks to digital infrastructure.
Corporate demand is not lagging behind. Japan's Metaplanet added 1,234 BTC to its balance sheet, bringing its portfolio to 12,345 BTC, while ProCap BTC managed by Anthony Pompliano added another 1,208 coins. Corporate purchases exceeded 7,597 BTC for the week, further reducing spot supply and fueling price momentum.
Several macro indicators are working in unison with the cryptocurrency. The dollar index has fallen to March 2022 lows, and the World Bank downgraded its 2025 growth forecast for the U.S. economy from 2.3% to 1.4%. The weakening currency makes bitcoin more attractive to institutional investors who need a hedge against inflationary and fiscal risks.
The regulatory landscape is shifting, too. The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac are preparing procedures to take digital assets into account when evaluating mortgage borrowers. If the project comes to fruition, cryptocurrency holders will be able to factor cryptocurrencies into their equity when making home loans, and the industry will gain another channel of legitimization.
From a technical point of view, the bulls are holding the momentum: RSI is hovering around 56, MACD is forming a steady buy signal, key support is located at the 50-day EMA at $103,543, resistances are marked at $111,980 and then at $120,000. If the current demand continues, the market is capable of testing the upper boundary of the range and entering the price uncharted area in the coming weeks.
At the closed sessions, fund managers are already debating whether to lock in profits or build up positions ahead of a potential breakout above $112,000. Some are betting on an upward averaging strategy, convinced that a combination of institutional appetite and favorable macro trends will keep the supply shortage at bay longer than skeptics expect.
