Bitcoin sells off, but BTC derivatives data points to $150K by year’s end
Bitcoin’s rally was fueled by record ETF inflows, tightening exchange supply, and robust derivatives activity, highlighting institutional demand and room for further upside.
Key takeaways:
Over $3.5 billion in weekly ETF inflows and a 5-year low in exchange balances highlight renewed institutional confidence in Bitcoin.
Healthy futures open interest and continuous BTC adoption suggest that traders expect Bitcoin to challenge $150,000 soon.