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BTC is currently trading around $95,048, up 4.43% this week. Its market capitalization has stabilized at $1.89 trillion, accounting for 59.1% of the entire crypto market. From a technical perspective, the RSI is in the neutral zone, while the MACD daily chart shows bullish signals. The key support level is at $92,500, and the resistance to watch is whether $97,000 can be broken.
The recent driving forces are quite interesting. Just this week, spot ETFs saw a net inflow of $1.4 billion, with BlackRock and Fidelity showing particularly strong capital inflows, indicating growing institutional appetite. The White House is also actively emphasizing that establishing a U.S. Bitcoin reserve remains a priority, which is a positive policy expectation for the market's long-term development. Additionally, regulators recently approved ETF options trading, providing institutional investors with more hedging tools, likely attracting a wave of hedge funds.
From a trading perspective, the 24-hour trading volume is about $16.6 billion, showing a significant improvement in liquidity compared to last month. The BTC inventory on exchanges has fallen to a three-year low, indicating supply-side pressure, but caution is advised regarding potential volatility from macro liquidity tightening.
If the market pulls back, $92,500 is the first line of defense. Returning to the $91,500-$93,500 range could be a good area to consider scaling in, with a stop-loss at $88,000. On the upside, a break above $97,000 would target the legendary $100,000 mark, and beyond that, $103,500.