Bitcoin is showing signs of a potential breakout due to analysis by technical analysts and institutional data. Recent market activity indicates a growing interest from significant players.
Technical Analysis of Bitcoin
Crypto analyst Captain Faibik reported a bullish flag pattern on Bitcoin's 12-hour chart. This pattern indicates BTC trading within a downward-sloping channel following a prior strong upward impulse. Faibik suggested that Bitcoin could see another dip, possibly testing the $98,000–$100,000 zone before a potential breakout. He emphasized patience as key.
Rise in Bitcoin Spot ETF Inflows
CoinGlass data shows consistent net inflows into Bitcoin Spot ETFs since early 2025. Notably, from late April onward, inflows have increased significantly, matching Bitcoin’s price rise. On peak trading days, inflows have regularly surpassed $500 million, indicating sustained institutional buying and a renewed long-term outlook on Bitcoin.
BlackRock's Bitcoin Buying Activity
According to a report from Arkham Intelligence, BlackRock has purchased $430 million worth of Bitcoin over a span of 16 days. On-chain data confirms daily BTC inflows with no outflows detected during this period. This consistent buying activity reflects confidence in Bitcoin's long-term value proposition, particularly in the context of broader market volatility.
Recent data surrounding Bitcoin, including technical analysis, ETF inflows, and BlackRock's engagement, provides a positive outlook for the cryptocurrency market. This trend may indicate a resurgence of interest from institutional investors.
