Bitcoin hovers above $100,000 as whale buying and ETF inflows lift sentiment: analysts

Bitcoin has stabilized above $100,000 following recent volatility, buoyed by renewed institutional inflows into spot Bitcoin ETFs and aggressive accumulation by whales, according to analysts. After six days of outflows, U.S. spot Bitcoin ETFs saw $240 million in net inflows on Thursday, signaling the end of a short-term deleveraging phase. Analysts noted that large holders have added nearly 30,000 BTC this week, underpinning structural stability. Market structure metrics suggest capital is rotating from altcoins into major currencies like Bitcoin and Ether, rather than exiting the market entirely. While macroeconomic signals are mixed, easing tensions from the U.S.-China thaw and resumed Fed repo operations have provided relief. Despite the positive sentiment, analyst forecasts have become more restrained, with Galaxy Digital trimming its year-end target to $120,000, though JPMorgan maintains a $170,000 projection for the next 6–12 months.

(Source：The Block)