Bitcoin is back in control 🚀
BTC is trading above key resistance, fueled by Michael Saylor’s massive $1.5B Bitcoin buy — his largest accumulation since July. Moves like this often signal strong institutional conviction and can act as a catalyst for the next leg higher.
Since January 2024, spot Bitcoin ETFs have absorbed more than 100% of newly mined BTC, pulling in roughly $56.5B in net inflows. Despite this historic demand, price action has stayed relatively stable as long-term holders take profits, keeping supply flowing.
The market reacted quickly to macro data, with Bitcoin jumping to $93,406 (+2% in 24h) after a 0.3% rise in US inflation. Traders are now betting the Federal Reserve will keep rates steady, reducing downside pressure on risk assets.
With institutional demand strong and macro conditions stabilizing, Bitcoin’s structure still favors upside — volatility may be quiet now, but it rarely stays that way for long.
#BTC #CryptoNews #BitcoinETF #InstitutionalAdoption #Write2Earn
