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Bitcoin Targets $101,700 After $700M Inflow Into ETFs
Bitcoin has reinforced its upward trajectory after breaking out of a consolidation phase. This breakout signals growing confidence among market participants in the continuation of the trend.
The increase in investments into spot Bitcoin ETFs mirrors conditions that previously preceded a sharp rise in the asset’s price. Therefore, fundamental factors support an optimistic outlook.
Institutional Demand for Bitcoin ETFs Is Rising
On Monday, spot Bitcoin ETFs recorded inflows totaling $697 million, marking the highest daily inflow since October 2025. Such substantial volumes reflect renewed activity from large institutional investors. Historically, periods of intensive accumulation through exchange-traded funds have coincided with accelerated Bitcoin price growth.
Past instances of similar inflow spikes were accompanied by multi-week rallies. The current situation appears comparable, provided buyer activity persists throughout the week. Sustained demand for investment products reduces the amount of circulating supply. Moreover, it strengthens the positions of both retail and professional market participants.
Net Bitcoin ETF Flows. Source: SoSoValue
ETF investments often act as a stabilizing factor during periods of volatility. Unlike leveraged speculative positions, these inflows represent long-term capital allocation. Their persistence is likely to support organic price appreciation without sharp reversals typical of short-term trading.
Investors Move Assets to Cold Storage
Selling pressure remains limited, according to data on fund movements across trading platforms. Over the past week, exchanges have consistently recorded net outflows. Investors prefer transferring coins to self-custody rather than selling immediately. As a result, a shortage of readily available supply is forming in the market.
In the past 24 hours alone, approximately 12,946 BTC, worth $1.2 billion, were withdrawn from exchanges. Such movements indicate active accumulation rather than defensive repositioning. Declining exchange balances restrict the liquidity available for selling, helping to sustain the current upward momentum.
Bitcoin Supply on Exchanges. Source: Glassnode
When prices rise alongside exchange outflows, rallies are considered more sustainable. Buyers are willing to absorb supply without triggering panic selling. Consequently, the current market structure appears healthy and balanced.
The Role of Short-Term Holders in the Current Cycle
Short-term investors are the primary buyers at this stage. The share of addresses that acquired assets within a period of one day to one week has increased noticeably. Over seven days, the share of such holders in the total supply rose from 1.97% to 2.46%. This highlights an inflow of new demand despite elevated price levels.
Bitcoin HODL Waves. Source: Glassnode
Participation by new market entrants often amplifies momentum during breakouts of key resistance levels. While rallies driven by short-term holders can be volatile, they are effective when supported by broader accumulation. Combined with ETF inflows and exchange outflows, this demand structure points to market strength.
Technical Targets and Price Outlook
At the time of writing, Bitcoin is trading near $93,329. The asset continues to move higher after breaking out of a descending wedge pattern. The estimated upside potential of this breakout is approximately 12.9%. According to technical analysis, the next significant price target lies around $101,787.
Bitcoin Price Analysis. Source: TradingView
Although this level remains some distance away, current conditions favor a gradual advance. Strong buying pressure could push Bitcoin above $95,000 in the near term. A sustained move above this level would open the path toward $98,000 and higher. However, risks remain: increased selling near $95,000 could interrupt the upward move. In the event of a correction, the price may decline toward support at $91,511.
See also: "Does Venezuela Really Own 600,000 Bitcoins? Experts Weigh In!"
