Spot Bitcoin ETFs Record $1.08B In 4-Day Volume: Fueling Price Momentum

Bitcoin is holding sturdy above the $120,000 degree, reinforcing bullish sentiment after a collection of risky weeks. The market now turns its focus to the $125,000 mark, which analysts describe as a vital resistance zone. A decisive break above it might open the door to contemporary all-time highs, however for now, merchants stay cautious as this degree has traditionally attracted sturdy promoting strain.

Despite the looming resistance, optimism is rising amongst bullish analysts who see room for continuation within the present cycle. The argument is supported by renewed institutional curiosity and strong inflows into Bitcoin funding merchandise. Top analyst Maartunn not too long ago shared insights pointing to a key driver of this momentum: Spot Bitcoin ETFs.

According to Maartunn, these ETFs have generated high buying and selling volumes over the previous a number of days, offering a gentle stream of demand that’s pushing costs greater in unison. This collective impact underscores how institutional autos are taking part in an more and more central position in shaping Bitcoin’s worth motion.

Spot ETF Volume Surges as Bitcoin Faces Uncertain

Maartun has highlighted contemporary knowledge displaying that Spot Bitcoin ETFs have processed $1.08 billion in buying and selling quantity during the last 4 days, including gasoline to Bitcoin’s newest push above the $120,000 degree. This quantity surge helps Maartun’s view that ETFs are taking part in a central position in sustaining Bitcoin’s bullish momentum, offering constant inflows which might be maintaining demand elevated. In his evaluation, such sturdy institutional participation displays rising confidence in Bitcoin as an asset class, particularly because it continues to realize traction amongst US buyers.

However, the image isn’t fully clear-cut. The coming days promise to convey heightened volatility, with macroeconomic uncertainty weighing closely on threat belongings. Tightening monetary situations—pushed by persistent inflation considerations and cautious Federal Reserve coverage—have already begun to restrict liquidity throughout markets. On prime of that, the looming risk of a US authorities shutdown injects an extra layer of instability. Historically, occasions of this nature have impacted investor confidence, creating sharp swings in each equities and crypto.

Against this backdrop, Bitcoin finds itself at a vital juncture. If ETF-driven demand continues, BTC might decisively break greater, focusing on contemporary all-time highs past $125,000. On the opposite hand, ought to macro pressures intensify and liquidity dry up, Bitcoin might face a pointy correction, probably marking the start of a extra extended bearish section.

BTC Price Analysis: Testing $120K Level

Bitcoin is holding above $120,000, a degree that has shortly grow to be a focus for each bulls and bears. The chart reveals BTC reclaiming momentum after bouncing strongly from the $112,000–$113,000 zone final week, the place the 100-day shifting common offered key help. The decisive break above $117,500 resistance marked the beginning of this rally, and BTC has now pushed into the $120K area, a degree that beforehand acted as heavy resistance in August.

Short-term momentum seems bullish, because the each day candles present a sequence of upper lows and robust shopping for strain. The 50-day shifting common has turned upward, aligning with the broader bullish construction. However, BTC now faces the problem of consolidating above $120K to focus on the $122,500–$125,000 zone, which analysts view as the following vital resistance earlier than new all-time highs.

On the draw back, $117,500 now acts as a powerful help degree. If Bitcoin fails to maintain above $120K, a retest of this zone wouldn’t essentially break the bullish construction however might lengthen consolidation.

Featured picture from ChatGPT, chart from TradingView.com