Bitcoin (BTC) is trading at $107,400 on Thursday, just 4% shy of its all-time high, as record-setting inflows into U.S.-listed spot Bitcoin ETFs drive renewed institutional interest in the digital asset. The sustained momentum has pushed Bitcoin’s value higher for a fourth consecutive day, reinforcing its emerging role as a store of value amid global economic uncertainty.
12-day ETF inflow streak signals powerful tailwind
BTC spot ETFs have posted 12 straight days of net inflows, totaling approximately $3.9 billion since June 9, according to The Block. On Wednesday alone, ETF inflows surpassed $547 million—led by BlackRock’s IBIT with $340.3 million and Fidelity’s FBTC with $115.2 million.
- Cumulative ETF inflows since January 2024: $48.4 billion
- Assets under management across BTC ETFs: Nearly $125 billion
- Single-day inflow (June 25): $550 million
“The ETF category is now approaching $50 billion in inflows,” noted Nate Geraci, President of The ETF Store, calling the momentum “absolutely ridiculous” in a post on X.
Institutional and corporate buying intensifies
Corporate treasury demand is also climbing. Japanese firm Metaplanet added 1,234 BTC on Thursday, bringing its holdings to 12,345 BTC. Anthony Pompliano’s ProCap BTC also added another 1,208 BTC, continuing a buying spree that now totals 4,932 BTC. This week alone, corporations have added 7,597 BTC.
With increasing institutional support, Bitcoin’s narrative as an alternative to traditional financial assets continues to strengthen.
Macro conditions favor crypto gains
A weakening U.S. dollar and a grim U.S. growth outlook are reinforcing Bitcoin’s appeal. The Dollar Index recently hit its lowest level since March 2022, while the World Bank downgraded U.S. growth expectations for 2025 from 2.3% to 1.4%.
“Bitcoin’s push above $108K on these sustained institutional flows and dollar weakness demonstrates remarkable resilience,” said BRN’s Head of Research Timothy Misir.
FHFA considers crypto for mortgage eligibility
Adding to the bullish backdrop, the U.S. Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac are preparing to recognize cryptocurrency as a financial asset for mortgage purposes. This move could open doors for crypto holders seeking home loans and further legitimize digital assets in the U.S. financial system.
BTC price outlook: Near-term targets and risks
Bitcoin briefly dipped to $98,200 earlier this week before bouncing back. It now trades above $107,000, supported by:
- Relative Strength Index (RSI): 56 (bullish)
- MACD: Bullish crossover confirmed
- Support level: 50-day EMA at $103,543
- Resistance levels: $111,980 (ATH), $120,000 (next major milestone)
If momentum holds, BTC could retest its all-time high of $111,980 and possibly break into new territory by July.
Key Takeaways
- Bitcoin trades at $107,400, just 4% below its all-time high.
- Spot ETF inflows have hit $48.4 billion, supporting price growth.
- Corporate and institutional investors are accelerating BTC accumulation.
- A weaker dollar and potential mortgage recognition enhance BTC’s appeal.
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