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Bullish sentiment is heating up. Currently, BTC is still hovering below the $100,000 mark, but in reality, it's just a 2.42% increase.
The resistance levels that seemed tough two months ago—$93,500 to $95,000—have already been easily surpassed. Now, a higher fortress stands before us: the $98,000 to $100,000 region. Whether we can quickly break through the $98,000 line to the upside will, to some extent, determine Bitcoin's next move.
The signals from the capital flow are quite interesting. The US spot Bitcoin ETF has seen a daily net inflow of about $750 million, and this momentum should not be underestimated. Meanwhile, the selling wave from the big whales has noticeably subsided—this pressure is much lighter than it was in November and December last year.
Ultimately, whether the $100,000 level can hold depends mainly on the ETF's capital attitude. Will it resemble the last surge, where breaking through triggered a large net inflow? Or will short-term profit-taking suppress the rally? Or is the capital inflow starting to weaken? Will the old whales step in again to dump? These are all variables. But one thing is certain: the current bullish sentiment will continue to burn for a while longer.