Bitcoin Surges Above $100K Amid Strong Whale Demand and ETF Inflows
### Summary
- **Market Update**: Bitcoin ([BTC](https://holder.io/coins//btc)) surged over 2.5% in the last 24 hours, reaching a peak of approximately $102,512 before settling around $101,800.
- **Price Milestone**: This marks Bitcoin's first time trading above $100,000 in 2025, reducing concerns about potential price corrections.
- **Investor Sentiment**: The fear and greed index for Bitcoin has increased to 78%, indicating extreme greed among traders.
- **Technical Analysis**: BTC broke a key resistance level at $99,300 and consistently closed above the 50 Moving Average, suggesting bullish momentum.
- **Future Projections**: Analyst Captain Faibik forecasts a midterm target of $112,000 for Bitcoin.
- **Demand Drivers**: Increased demand from whale investors and a strong influx into US spot BTC ETFs contributed to the price increase.
- **Institutional Activity**: On Monday, US spot BTC ETF issuers saw net inflows of approximately $987 million, with Fidelity leading at $370 million and BlackRock at $209 million.
- **MicroStrategy Investment**: MicroStrategy purchased 1,070 BTC worth about $101 million, increasing their total holdings to 447,470 BTC.
### Conclusion
- Bitcoin reached a new high above $100,000, reducing correction fears.
- Strong investor sentiment with a fear and greed index of 78%.
- Technical indicators show bullish trends with a confirmed breakout above $99,300.
- Increased demand from whale investors and institutional interest driving prices up.
- Significant cash inflows into US spot BTC ETFs indicate robust market confidence.
- MicroStrategy's recent purchase highlights ongoing institutional investment in Bitcoin.