The price of Bitcoin has surged, briefly climbing above $97,000, signaling a potential structural shift in capital interaction with the asset class. According to CryptoSlate data, this peak is the highest since last November, driven by strong ETF inflows and institutional appetite clashing with reduced selling pressure. Data from Coinperps indicates that Bitcoin ETFs have seen inflows exceeding $1.5 billion in the last two days. This demand, coupled with reduced profit-taking, supports the uptrend. CryptoQuant data reinforces the narrative of spot-led strength, with their Spot Taker CVD turning positive around $86,000, indicating increased Taker Buy dominance. The buying was also characterized by "Whale Orders," suggesting larger entities are driving the rally through spot purchases.

The price of Bitcoin has surged, briefly climbing above $97,000, signaling a potential structural shift in capital interaction with the asset class. According to CryptoSlate data, this peak is the highest since last November, driven by strong ETF inflows and institutional appetite clashing with reduced selling pressure. Data from Coinperps indicates that Bitcoin ETFs have seen inflows exceeding $1.5 billion in the last two days. This demand, coupled with reduced profit-taking, supports the uptrend. CryptoQuant data reinforces the narrative of spot-led strength, with their Spot Taker CVD turning positive around $86,000, indicating increased Taker Buy dominance. The buying was also characterized by "Whale Orders," suggesting larger entities are driving the rally through spot purchases.