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Bitcoin Smashes Toward $105K as ETF Cash Firehose Overpowers Resistance
Bitcoin Smashes Toward $105K as ETF Cash Firehose Overpowers Resistance
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Wall Street’s latest gold rush—crypto ETFs—is flooding Bitcoin with institutional money, bulldozing through technical resistance like it’s 2017 all over again. The $105K price target? Suddenly it’s not a meme.
Behind the surge: Traders are piling into spot Bitcoin ETFs at a record clip, with BlackRock’s IBIT alone sucking up $1.8B last week. Meanwhile, the ’max pain’ zone around $90K—where bears had stacked their shorts—just got vaporized in the liquidity tsunami.
The cynical take: Nothing makes hedge funds FOMO harder than watching other hedge funds get rich. Just don’t mention the 72% drawdowns from last cycle—this time is ’different,’ we swear.
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