Yesterday, I saw data on Bitcoin spot ETF flows, and institutional investors are very aggressive. In just one day, more than $240 million entered, with BlackRock IBIT itself absorbing $137.6 million. This indicates strong demand among large investors, even though the market still has uncertainties.

Bitcoin's price has now risen to $78K, much higher than the $72K level that was maintained last week. But what's interesting is, despite the good Bitcoin ETF inflows, the market structure still appears weak. Some analysts say BTC is at a crossroads — it could continue to $80K-85K or undergo a significant correction down to $66K. The $72K-74K zone is an important support that needs to be maintained.

Derivative data also shows that net speculators are very bullish, similar to patterns before the big rally in 2023. But this is not a guarantee of an increase — it could actually mean volatility is coming. With continuous Bitcoin ETF inflows and high speculative positions, the market is in a critical phase. If BTC can break through resistance levels, momentum could continue. If not, a correction could be the next scenario.