Quick Highlights:
- Bitcoin hit a new all-time high of $111,968 before a minor 1% pullback.
- Spot Bitcoin ETFs saw $934.74 million in inflows—the largest since April 22.
- BlackRock’s IBIT led the surge with $877.18 million net inflows.
- Institutional interest rebounds as Bitcoin crosses the $111K milestone.
- Futures markets show bullish momentum, while options traders remain cautious.
Bitcoin Breaks Records and Reignites Institutional Interest
Bitcoin shattered its previous price ceiling yesterday, soaring to an unprecedented $111,968, a move that sent waves through institutional circles. This historic surge was matched by $934.74 million in inflows into spot Bitcoin ETFs, signaling a massive vote of confidence from big-money investors.
The spike marks the seventh consecutive day of ETF inflows, highlighting a strong return of institutional appetite for digital assets—especially in a stabilizing macroeconomic environment.
BlackRock and Fidelity Lead the Charge
Topping the list, BlackRock’s iShares Bitcoin Trust (IBIT) saw $877.18 million in net inflows, bringing its total to $47.55 billion—a staggering number that reflects growing trust in Bitcoin as a mainstream asset.
Meanwhile, Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $48.66 million in inflows, lifting its cumulative total to $11.88 billion. These figures underscore the appeal of regulated, secure vehicles for BTC exposure.
Price Dips Slightly on Profit-Taking
After the peak, Bitcoin is now trading at $110,752, reflecting a 1% dip—a normal response from traders taking profits at record highs.
Still, the market remains bullish. Bitcoin’s funding rate at 0.0105% indicates that futures traders are paying premiums to maintain long positions—showing confidence in further upside.
Options Market Sends a Caution Flag
While futures stay strong, options data reveals a growing volume of put options, suggesting that some investors are hedging against short-term risks.
This split in sentiment points to a market balancing short-term caution wiTools