Bitcoin ETF demand stalls as US shutdown optimism fails to lift sentiment

💡 DMK Insight

Bitcoin’s recent surge to $105,415 is largely driven by ETF inflows and strategic acquisitions, and here’s why that matters: The influx of institutional money through ETFs is a game changer, signaling a shift in market sentiment. This isn’t just retail hype; serious players are stepping in, which could lead to sustained upward pressure. With Bitcoin breaking key resistance levels, traders should be on the lookout for potential pullbacks that could provide buying opportunities. If BTC can hold above $100,000, it may attract even more attention from both retail and institutional investors, further solidifying its position. But don’t overlook the risks. If the market corrects, especially if it falls below $100,000, we could see a wave of profit-taking that might shake out weaker hands. Keep an eye on the ETF approval timeline and any regulatory news, as these could act as catalysts for volatility. Watch for BTC to test support around $100,000 in the coming days; a bounce there could confirm bullish sentiment, while a break could signal a deeper correction.