Bitcoin’s Bull Run: Decoding the Surge Behind Crypto’s Latest Rally
Bitcoin just ripped past resistance levels—again. Here's what's fueling the frenzy.
The ETF Effect Strikes Back
Wall Street's stamp of approval on spot Bitcoin ETFs keeps sucking institutional capital into the vortex. BlackRock's fund alone crossed $10B AUM last week—traders are betting the 'digital gold' narrative sticks.
Halving Hype Meets Liquidity
With the next supply cut months away, speculators front-run scarcity psychology. Never mind that miners are dumping reserves faster than a degenerate gambler at a roulette table.
Macro Tailwinds (Or Head Fake?)
Rate-cut hopes send risk assets moonward—but the Fed's still tighter than a banker's grip on a vault key. Crypto markets cheer anyway, because fundamentals are so 2023.
The rally's got legs... until the next 'black swan' reminds everyone this is crypto, where 30% corrections count as 'healthy pullbacks.'
Flows reversed in digital asset products
CoinShares reported $921 million of net inflows into digital asset products for the latest weekly period.
The reversal follows cooler CPI data that revived institutional appetite after October saw sustained outflows. The shift explains why dip-buyers showed conviction this week, treating sub-$115,000 levels as entry points rather than resistance.
Derivatives markets amplified the move. Hundreds of millions in short liquidations hit over the weekend and early Oct. 27, per CoinGlass estimates, as bears were forced to exit positions when bitcoin cleared key technical levels.
That squeeze dynamic magnifies spot demand and accelerates rallies once resistance breaks, creating the momentum that carried BTC toward $116,000.
Supply-side pressure eased at the margin. Mt. Gox’s trustee extended the creditor repayment deadline by one year to Oct. 31, 2026, removing near-term forced selling risk from an overhang that has weighed on sentiment for months.
The formal extension appeared in the trustee’s notice and reduces one variable that traders cited as a headwind.
Despite the recent tailwinds, two risks remain. The same ETF and fund cohort that bought this week were net sellers in mid-October, and Fed messaging can reverse risk sentiment quickly.
If rate-cut odds fade or the dollar rallies sharply, the macro tailwinds supporting Bitcoin can turn into headwinds just as quickly. This week’s Fed decision will test whether today’s positioning holds or unwinds.
