Bitcoin Rips Toward Best Week Since 2016 as ETF Cash Firehose Hits $2.7B

Wall Street’s shiny new Bitcoin ETFs just vacuumed up another $2.7 billion—and the crypto market’s responding like it’s 2017 all over again. Price charts show BTC gearing up for its most explosive weekly rally since the Trump administration’s early days.

Behind the surge: Institutional money finally playing catch-up after years of crypto skepticism. The ETF floodgates opened, pension funds and boomer portfolios started dipping toes in, and suddenly we’ve got the most ’legitimate’ bull run in Bitcoin history. Never mind that half these investors still think blockchain is a Scandinavian furniture brand.

Key driver? Sheer FOMO. With BlackRock and friends now providing ’approved’ exposure, risk committees are greenlighting positions that would’ve gotten them laughed out of the boardroom last year. The irony? This institutional stampede is fueling the same volatility they’ve spent a decade complaining about.

What’s next? Either the start of a true macro uptrend—or the most over-leveraged ’smart money’ faceplant since Archegos. Either way, grab popcorn.

Elliott Wave theory suggests asset prices move in predictable patterns called waves, driven by collective investor psychology. These patterns typically unfold in five-wave trends, in which the first, third, and fifth waves are impulsive rallies, while the second and fourth waves are corrective phases.

While retesting this month’s low at $75,000 cannot be ruled out, Glover sees BTC climbing to a cycle top around late 2025, early 2026.

"My expectations continue to be for a rally to $133-$136k into the end of this year, beginning of next,” he said.