Bitcoin Price Climbs Above $97,000 on $1.7B ETF Inflow Surge
Bitcoin surged past $97,000, driven by $1.71 billion in spot ETF inflows over three days and positive economic news.Summary
The price of Bitcoin surpassed $97,000 this week, reaching its highest level in over two months, fueled by significant inflows into U.S. spot Bitcoin ETFs and favorable economic indicators. On Tuesday, spot Bitcoin ETFs saw $760 million in net inflows, followed by another $843.6 million on Wednesday, accumulating a total of approximately $1.71 billion over three days. BlackRock’s iShares Bitcoin Trust (IBIT) was a major contributor, absorbing $648 million on Wednesday alone. This renewed institutional interest pushed BTC decisively above the $94,000–$97,000 range, triggering short liquidations that accelerated the rally. Macro factors also contributed, as a softer-than-expected U.S. Consumer Price Index (CPI) reading eased fears of aggressive monetary tightening, boosting risk-on sentiment. However, risks remain, including uncertainty surrounding a potential U.S. Supreme Court ruling on tariffs. At the time of writing, Bitcoin was trading around $97,046.
(Source：Bitcoin Magazine)