Bitcoin eyes eight straight green days as ETF inflows fuel the rally
Bitcoin nears an eight-day winning streak, hitting $74.5K, driven by significant institutional spot ETF inflows despite extreme market fear.Summary
Bitcoin reached $74.5K, posting its best price since early February and aiming for an eighth consecutive green day, primarily fueled by over $2.8 billion in recent institutional spot ETF inflows, notably from BlackRock's IBIT.
This rally contrasts sharply with market sentiment, as the Fear and Greed Index remains deep in "Extreme Fear" territory at 23, suggesting retail participants do not trust the move. This disconnect implies institutions are the primary buyers, representing a structurally different, potentially more durable rally than those driven by retail euphoria.
The broader crypto market also saw gains, with Ethereum and Solana rising, and speculative assets like meme coins surging, indicating returning risk appetite. Investors should monitor sustained closes above $74K, the trajectory of ETF flows, and the Fear and Greed Index for confirmation or warning signs of a reversal.
(Source：Crypto Briefing)