tl;dr
Bitcoin reached a new all-time high of $111,968, sparking over $900 million in capital inflows into spot Bitcoin ETFs—the largest single-day inflow since April 22. Inflows totaled $934.74 million, marking seven consecutive days of positive institutional investment. BlackRock’s ETF IBIT led with $877...
Bitcoin surged to a new all-time high of $111,968, igniting massive enthusiasm among investors and driving over $900 million in spot Bitcoin ETF inflows in a single day—the largest since April 22. Institutional confidence shines through seven consecutive days of positive inflows totaling $934.74 million, underscoring renewed trust in Bitcoin’s long-term potential.
Leading the charge, BlackRock’s IBIT ETF scooped up $877.18 million, while Fidelity’s FBTC ETF attracted $48.66 million on the same day, with cumulative net inflows for these ETFs hitting remarkable milestones. Bitcoin’s price pulled back slightly by around 1% to $110,752 as traders took profits after the record peak, yet the futures market remains optimistic with consistently positive funding rates above 0.0105%, signaling that traders are willing to pay a premium to maintain long positions.
On the flip side, options market data reveals a rise in put option volumes, suggesting some short-term caution and hedging activity among investors. This duality paints a picture where short-term protective strategies coexist with robust institutional optimism about Bitcoin’s future trajectory.
Overall, the recent market behavior highlights a dynamic environment: bullish futures traders expecting further gains, contrasted with cautious options investors managing risk amid ongoing price volatility. The sustained influx into ETFs and positive market indicators point toward strong foundational interest, making this a fascinating period to watch in the evolving landscape of cryptocurrency investment.