The Hard Facts:
At the time of recording, Bitcoin (BTC/USD) is trading at around $84,025 USD. After nearing the $87,200 USD level a couple of days ago, the price has entered a very healthy pause and consolidation phase.
What’s driving the price?:
📊 Institutional Flows: Spot Bitcoin ETFs have posted an impressive streak of positive net inflows, bringing in around $1.3 billion over the past few sessions. This shows that institutions are continuing to accumulate.
⚠️ Options and Bond Pressure: The recent massive expiry of quarterly options contracts worth more than $15 billion and rising U.S. Treasury yields have temporarily slowed the rally, triggering a small technical correction.
At the time of recording, Bitcoin (BTC/USD) is trading at around $84,025 USD. After nearing the $87,200 USD level a couple of days ago, the price has entered a very healthy pause and consolidation phase.
What’s driving the price?:
📊 Institutional Flows: Spot Bitcoin ETFs have posted an impressive streak of positive net inflows, bringing in around $1.3 billion over the past few sessions. This shows that institutions are continuing to accumulate.
⚠️ Options and Bond Pressure: The recent massive expiry of quarterly options contracts worth more than $15 billion and rising U.S. Treasury yields have temporarily slowed the rally, triggering a small technical correction.