BTC Eyes $100K+ Amid Institutional Buying & ETF Momentum
đđđ°
Bitcoin surged past $100,000 as a positive Nasdaq trend (May 8â9) boosted sentiment. According to analyst Obchakevich, this bullish momentum started as early as May 2, with IBIT inflows reaching $675M, hinting at strong institutional demand đŠđ.
The rally is expected to continue unless disrupted by major macro or geopolitical shocks đâ ïž.
Meanwhile, ETF flows remain largely positive, with Grayscaleâs GBTC being the outlier.
Obchakevich explains that GBTC outflows stem from high fees (~1.5%), political uncertainty, and conflicts like the India-Pakistan standoff. Despite this, whales and funds appear bullish overall, rotating into lower-fee ETFs like BlackRockâs IBIT đâĄïžđ.
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BTC Trade Idea:
Entry: $98,500 â $100,000
TP1: $105,000
TP2: $112,000
SL: $96,000
Bias: Bullish, supported by ETF inflows, strong tech sector, and positive institutional sentiment â
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TL;DR:
đŒ Institutional buying remains strong
đ Nasdaq rally fuels BTC growth
âïž GBTC outflows due to fees & global uncertainty
đŻ BTC poised for new highs barring macro shocks
$BTC
#Bitcoin #BTC #CryptoTrading #ETF #BlackRock #gbtc #CryptoNews #BTC100K
đđđ°
Bitcoin surged past $100,000 as a positive Nasdaq trend (May 8â9) boosted sentiment. According to analyst Obchakevich, this bullish momentum started as early as May 2, with IBIT inflows reaching $675M, hinting at strong institutional demand đŠđ.
The rally is expected to continue unless disrupted by major macro or geopolitical shocks đâ ïž.
Meanwhile, ETF flows remain largely positive, with Grayscaleâs GBTC being the outlier.
Obchakevich explains that GBTC outflows stem from high fees (~1.5%), political uncertainty, and conflicts like the India-Pakistan standoff. Despite this, whales and funds appear bullish overall, rotating into lower-fee ETFs like BlackRockâs IBIT đâĄïžđ.
---
BTC Trade Idea:
Entry: $98,500 â $100,000
TP1: $105,000
TP2: $112,000
SL: $96,000
Bias: Bullish, supported by ETF inflows, strong tech sector, and positive institutional sentiment â
---
TL;DR:
đŒ Institutional buying remains strong
đ Nasdaq rally fuels BTC growth
âïž GBTC outflows due to fees & global uncertainty
đŻ BTC poised for new highs barring macro shocks
$BTC
#Bitcoin #BTC #CryptoTrading #ETF #BlackRock #gbtc #CryptoNews #BTC100K