- Bitcoin ETF inflows hit highest in two months
- BTC price approaches $95K, ETH also gains
- Fear sentiment begins to fade in crypto market
The crypto market continues its strong upward momentum, with Bitcoin (BTC) climbing to $93,204 — a 0.8% gain in the last 24 hours. Ethereum (ETH) followed suit, rising 1.9% to $3,216. The total market capitalization has reached an impressive $3.27 trillion, signaling growing investor confidence.
A significant driver of this bullish trend is the recent surge in Bitcoin ETF inflows, which hit their highest daily total in two months. This institutional interest is seen as a strong vote of confidence in Bitcoin’s long-term value, pushing prices higher and supporting overall market sentiment.
ETF Inflows Signal Renewed Confidence
The inflow into Bitcoin ETFs is a clear indication that institutional players are returning to the market in force. These inflows often reflect a shift in sentiment among big-money investors, and this time is no different. The renewed demand has provided a strong support base for BTC’s rally, reinforcing optimism across the broader market.
This boost in inflows coincides with a gradual shift in the Fear and Greed Index (FGI), which now sits at 44. While still in the “Fear” category, this marks the first approach toward neutral territory since early October — a positive sign for traders watching sentiment closely.
Volatility Remains but Trend Is Positive
Despite over $417 million in liquidations across the market — a reminder that volatility remains — the overall trend appears positive. Traders who were betting against the rise have been caught off guard, and the continued momentum could further pressure short positions.
As BTC edges closer to the key $95K psychological level, analysts and traders alike are watching closely. The next few days may prove crucial in determining whether the current rally has enough strength to push Bitcoin into new highs for the year.
