Bitcoin’s climb above $124,000, fueled by $3.2 billion in spot ETF inflows, underscores deepening institutional conviction and a maturing market narrative that increasingly views BTC as a premier store of value amid global economic uncertainty.
The magnitude of these inflows signals expanding mainstream adoption and renewed investor confidence, creating a risk-on environment that could spill over into altcoins.
We expect Bitcoin to sustain its upward trajectory in the near term, potentially testing $130,000 if ETF momentum continues to build.
Ethereum is also poised for a rebound toward $4,800–$5,000, supported by Bitcoin’s strength and mounting anticipation around upcoming layer-2 upgrades.
This rally highlights the sector’s resilience and the accelerating integration of crypto into traditional portfolios.
As institutional participation deepens and technical innovation advances, diversified positioning across major assets remains key to capturing long-term ecosystem growth.
Ryan Lee, Chief Analyst at Bitget
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