US Bitcoin ETFs Hit 11-Day Influx Streak with $588M Led by BlackRock Regardless of Macro Fears – Can $107K Push to $112K ATH?

Bitcoin exchange-traded funds (ETFs) have defied mounting geopolitical tensions and Federal Reserve uncertainty by recording their eleventh consecutive day of constructive inflows, attracting $588.55 million in contemporary capital as of June 24, in keeping with SosoValue information.

BlackRock’s IBIT dominated the session with $436.32 million in inflows, displaying institutional confidence in Bitcoin regardless of the cryptocurrency buying and selling round $107,000 after current volatility. It briefly touched $111,917 earlier this yr earlier than retreating amid escalating Center East tensions.

The sustained ETF momentum comes as Bitcoin maintains its essential psychological help above $100,000, a stage it has defended since early Might.

Institutional gamers like Technique proceed aggressive accumulation methods. On June 16, Technique bought 10,100 further cash for $1.05 billion, bringing its whole holdings now near 600,000 Bitcoin.

The eleven-day streak represents the ninth consecutive week of constructive flows for digital asset funding merchandise, contributing to a year-to-date whole of $13.2 billion regardless of broader market issues over the Israel-Iran battle.

Bitcoin ETFs: Institutional Capital Defies Geopolitical Storm

Whereas Bitcoin initially bought off alongside international equities when Israel launched late-night airstrikes in opposition to Iran, with Tehran responding in variety, the digital asset’s restoration above $100,000, coupled with sustained ETF demand, suggests establishments are more and more treating Bitcoin as a portfolio diversifier quite than a risk-on hypothesis.

YouHodler’s head of danger, Sergei Gorev, just lately famous that whereas gold initially captured safe-haven flows, Bitcoin’s restoration signifies markets don’t “firmly consider within the lively growth of the Iran-Israel battle part,” with declining greenback energy benefiting each treasured metals and cryptocurrencies.

Institutional resilience turns into much more pronounced contemplating President Trump’s aggressive marketing campaign in opposition to Federal Reserve Chair Jerome Powell. He branded him a “numbskull” and demanded rapid charge cuts that would save the US $300 billion yearly.

Nonetheless, the continual ETF inflows recommend establishments are positioning for potential financial easing whereas concurrently hedging in opposition to forex debasement. Latest Producer Value Index information strengthen arguments for charge cuts later this yr.

Company adoption continues to speed up regardless of macro uncertainties. Anthony Pompliano’s ProCap BTC acquired 3,724 Bitcoin for $386 million as a part of plans to go public by means of an SPAC merger, whereas Japan’s Metaplanet raised $517.8 million on the primary day of its formidable “555 Million Plan,” which targets 210,000 Bitcoin by 2027.

These developments, mixed with Norway’s Inexperienced Minerals’ plan to buy $1.2 billion in Bitcoin and Trump Media’s $2.3 billion treasury technique, exhibit that institutional conviction transcends short-term volatility.

Technical Breakout Alerts Level to $112K Goal

Bitcoin’s present technical construction reveals a compelling setup that aligns completely with the sustained ETF influx momentum, with a number of timeframes suggesting an imminent breakout towards new cycle highs.

The three-hour chart shows Bitcoin trapped inside a descending wedge sample, with crucial resistance at “The Edge” formation round $109,000, coinciding with current highs close to $111,917. On the identical time, help round $99,000 has been efficiently defended a number of instances.

The exponential transferring averages present the 15-period EMA at $105,459 positioned above the 60-period EMA at $104,425, indicating short-term momentum constructing upward regardless of broader consolidation.

Notably, the month-to-month chart, as proven by analyst MerlijnTheTrader, supplies extraordinary perception into Bitcoin’s cyclical habits. It reveals a constant sample of three-year bull runs adopted by one-year corrections that has repeated with outstanding precision.

Presently in its three-year enlargement part, which started in 2022 and is projected by means of 2025, Bitcoin seems positioned for important upside potential. Momentum indicators are approaching however not but reaching the acute overbought ranges that traditionally marked cycle tops.

This cyclical evaluation suggests any near-term weak point represents consolidation throughout the broader advance, with final targets doubtlessly reaching $150,000 – 200,000 based mostly on historic precedent.

The comparative evaluation of Bitcoin’s 2020 and 2025 cycles reveals placing similarities in value motion and momentum traits. Each cycles exhibited comparable consolidation patterns earlier than experiencing main advances.

The MACD indicators present each cycles experiencing deep destructive divergences throughout consolidation phases earlier than producing highly effective bullish momentum. The 2025 cycle appeared at an analogous inflection level that preceded the 2020 parabolic advance to $42,000.

The 4-hour chart identifies profitable hole fills and Truthful Worth Hole testing round $102,500-103,000, with an “unmitigated truthful worth hole” within the higher resistance zone.

A break above $107,000-108,000 might set off algorithmic shopping for towards earlier highs close to $111,917, completely positioning Bitcoin to capitalize on the institutional influx, regulatory readability from Japan’s proposed crypto tax reforms, and continued company treasury adoption.

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