tldr; Bitcoin ETFs have seen $588 million in inflows over the past 24 hours, the highest in over a month, signaling strong institutional support despite recent market volatility and geopolitical tensions. Long-term holders (LTH) show minimal selling, indicating confidence in Bitcoin’s long-term potential and creating a supply squeeze. Bitcoin’s price is currently at $106,554, with key support at $105,662 and resistance at $108,000. A breach of these levels could push Bitcoin toward $110,000, while failure risks a decline below $105,000.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Bitcoin ETFs have seen $588 million in inflows over the past 24 hours, the highest in over a month, signaling strong institutional support despite recent market volatility and geopolitical tensions. Long-term holders (LTH) show minimal selling, indicating confidence in Bitcoin’s long-term potential and creating a supply squeeze. Bitcoin’s price is currently at $106,554, with key support at $105,662 and resistance at $108,000. A breach of these levels could push Bitcoin toward $110,000, while failure risks a decline below $105,000.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.