Bitcoin Holds Above $100K as Whale Buying and ETF Flows Fuel Momentum

By: cryptosheadlines|2025/05/12 12:16:43
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Bitcoin holds above $100K as whales add 41K BTC and ETF inflows top $564.7 million.88% of BTC supply is in profit while exchange inflows stay low, limiting sell pressure.RSI remains over 70 and MVRV ratio at 1.74 suggests strong support for further upside.Just weeks ago, between April 7 and April 10, Bitcoin traded in the $74,000 range after pulling back from its all-time high near $109,000. At the time, some questioned if the bullish cycle had ended. Yet analysts pointed out key bullish signals, and now those signs are playing out as BTC shows strength above $100,000. Current indicators suggest that the next phase of growth could accelerate beyond earlier expectations.Institutional Demand and Market Structure Support Further BTC GrowthAccording to an analysis prepared by Henry via X, institutional investors and whales have added over 41,000 BTC in the last 30 days. This accumulation has fueled the current rally, with Bitcoin reaching a 120-day high of $103,890 on Friday. Source :Henry(X)Goldman Sachs disclosed $1.4 billion in BTC through ETFs, and BlackRock is in talks with the SEC to expand crypto ETF features, including staking and options. The consolidation zone between $102,000 and $105,000 has become a key support area. Bitcoin is holding above this range despite strong selling near $105,000, indicating solid buyer interest.Just a few weeks ago, April 7-10, Bitcoin’s prices hit the $74,000s, pulling back significantly from the All Time Highs of ≈$109,000 months prior.While some thought the bull was over, we were right there in the midst of it all, telling you how bullish prices could be becoming... pic.twitter.com/EsrbbMMPfm— JAVONMARKS (@JavonTM1) May 10, 2025Technical data from Coingecko and TradingView show price stability above the midline of the Bollinger Bands at $103,109. Volume has remained consistent, and RSI has stayed above 70, suggesting continued bullish momentum.Macro Shifts, ETF Flows, and Holder Behavior Strengthen the Bullish OutlookBitcoin’s network data also supports the case for further upside. According to Glassnode, 88% of the current BTC supply is in profit, while exchange inflows remain low. This suggests most holders are not actively selling. Source :Glassnode(X)The MVRV ratio is near its long-term mean of 1.74, marking a potential support base for further price advances. As observed by Farside, spot Bitcoin ETFs saw inflows of $564.7 million in five days, reinforcing growing institutional interest. Meanwhile, Michael Saylor noted that previous selling pressure came from short-term holders, but a new wave of long-term investors is entering. These conditions align with the current structure, pointing toward potential targets between $112,000 and $120,000.Source link

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