Bitcoin rallies as spot ETF inflows soar, but $105K looks out of reach
Bitcoin finds renewed strength as inflows to the spot BTC ETFs resume, but data questions whether bulls can push the price to $105,000.
Key takeaways:
Bitcoin’s move above $97,000 lacks confirmation in derivatives markets, with the options skew signaling caution toward any sustained rally.
Geopolitical risks, falling treasury yields and weakening equities reinforce a risk-off setting that continues to limit Bitcoin’s upside.