Quick Highlights:
- Bitcoin reached another all-time high of 111,968 only to fall by 1 percent.
- The ETF saw a record spot Bitcoin inflow position in more than 2 months as a total of $934.74 million entered into Spot Bitcoin ETFs.
- The IBIT of BlackRock was the steepest at a net inflow of $877.18 million.
- Bitcoin bypasses the milestone of 111K and institutional interest comes back.
- Futures markets record bull momentum, with the options traders keeping a watchful eye.
Bitcoin Sets New Records and Revives Institutional Demand
Bitcoin broke the former price level yesterday and reached a new high of $111,968, a step that caused buzzes in institutional society. It is a record leap which was coupled with the $934.74 million flowing into spot-based Bitcoin ETFs; a huge vote of confidence born by large-money investors.
The surge is the seventh straight day of ETF inflows, another indicator of robust resurgence of institutional demand toward digital assets, particularly as macroeconomic stability and growth became more reality.
BlackRock and Fidelity are in the Vanguard
This is led by BlackRock Inc iShares Bitcoin Trust (IBIT) which recorded an astonishing net inflow of funds totaling $877.18 million to reach a total asset base of $47.55 billion.
In the meantime, Fidelity Wise Origin Bitcoin Fund (FBTC) registered $48.66 million worth of inflows, revising the overall total to the sum of $11.88 billion. These statistics highlight why the aspect of regulated and safe vehicles to BTC exposure is attractive.
Dropped a Little on Profit-Taking Price
Since the peak, Bitcoin has since fallen by 1 percent down to trade at $110,752, a predictable reaction by traders who sold at all-time highs.
Nevertheless, the market is bullish. The funding rate of bitcoin at 0.0105% means that futures traders are now paying premium to be long – showing that they have faith in further appreciation.
The Warning Call of the Options Market
Options data show that there is an increasing put option volume, underlining that some of the investors are hedging on the short-term risk levels.
This divide of feeling indicates a market that is in equilibrium between cautiousness in the short-run and exuberance in the long-run.