I just saw the Bitcoin ETF data yesterday, and inflows reached over $240 million in a single day. BlackRock IBIT led with $137 million, followed by Fidelity FBTC with $78 million. This kind of news about BTC ETFs is usually bearish for the long term because it shows strong institutional accumulation. BTC’s price at the time was still holding above 72K, but if you look at the chart now, it’s already up into the 78K range.

Interestingly, despite strong ETF flows, the market structure is still weak according to some analysts. Ted Pillows said BTC is again at a crossroads, and the 73-74K zone could be the last resistance before a reversal. If it breaks above, the target of 80-85K could be reached, but if it rejects, it could fall to 66K or even 60K. Volatility is likely.

Derivative data also shows that speculators are heavily long, while commercial traders are short. A setup like this is similar to the conditions before the big breakout in 2023. But as Michaël van de Poppe said, this is not a guarantee of an increase—rather, it could mean significant fluctuation risk. Bitcoin ETF news continues to stay in focus because institutional buying pressure is still strong, but heavy speculative positioning could trigger a quick correction. Watch the 72-74K levels first—that’s the key zone for the next momentum.