Bitcoin ETF inflows have recently reached attention-grabbing levels. Last week, with a daily flow of $240 million, it became clear that institutional buyers are still active. BlackRock's IBIT ETF alone absorbed $137 million, while Fidelity's FBTC pulled in $78 million. These types of Bitcoin ETF flows seem to be a fundamental factor supporting the price.

BTC is currently trading above $77,500 and has successfully maintained the $72,000 support level over the past weeks. The market is optimistic, but there are also concerns. From a technical perspective, the $73,000–$74,000 level is a critical zone. If it breaks below this, it could go up to $76,000, but if it fails, there is a risk of a pullback toward $66,000–$60,000.

What’s interesting is that speculators are strongly positioned in long positions. This situation is similar to the setup before the major rally in 2023. However, this alone does not guarantee an upward breakout. High volatility seems certain. If Bitcoin ETF inflows continue and institutional accumulation persists, momentum could continue. Purchases by MicroStrategy and similar companies also support this in the background. Watching what the $72,000–$74,000 zone will do now is critical. A breakout upward could target above $80,000.