Bitcoin's Latest Rally
Bitcoin (BTC) climbed 8.3% in 24 hours to reach $95,420, its highest price since the December 2025 peak, as institutional inflows into spot ETFs accelerated. Combined daily inflows across all US Bitcoin ETFs hit $780 million—the second-highest single-day figure on record.
Who Is Buying?
SEC filings revealed that three major hedge funds added Bitcoin ETF positions worth a combined $1.2 billion last quarter. Meanwhile, a sovereign wealth fund from the Middle East disclosed a $500 million allocation, becoming the first of its kind to hold Bitcoin on its balance sheet.
Technical Picture
- Key resistance: $98,000 (previous all-time high zone)
- Support: $89,500 (50-day moving average)
- RSI at 68 – approaching overbought but not extreme
On-chain data from Glassnode shows long-term holders have not been selling despite the price surge, a historically bullish signal. Exchange balances dropped to multi-year lows, suggesting supply is tightening.
Altcoins Follow
The broader crypto market rallied in sympathy. Ethereum gained 6.1% to $3,450, Solana rose 10.4%, and the total crypto market cap crossed $3.5 trillion for the first time since early 2026.