Bitcoin Holds Above $96,000 as Spot ETF Inflows Surge $843M

Market snapshot: BTC at a critical juncture

Bitcoin has sustained levels above $96,000 after briefly approaching ~$97,800 — a near two-month high — driven by a notable $843.62M single-day inflow into spot Bitcoin ETFs and renewed institutional demand. Short-term options activity shows concentrated call buying around the $100,000 strike while longer-dated call premiums are being sold, a pattern that reflects strong near-term optimism but some reservations about sustained acceptance above the psychological $100k level.

Institutional flows and options signal a tactical push

The large ETF inflow is the most important development for BTC today: it signals renewed institutional capital rotating into spot crypto exposure. Paired with near-term call accumulation, this creates a plausible path toward testing $100,000 in the coming sessions. However, dealers selling long-dated calls suggest they expect potential rangebound behavior or a fade beyond the short-term push.

Technical read: momentum versus overbought risk

Short-term momentum is constructive — a bullish daily MACD crossover and rising momentum underpin upside potential. That said, the daily RSI is ~69, approaching overbought territory; a correction could extend toward the nearest technical support at ~$94,253. Traders should watch the $96,000 zone for intraday support and use $100,000 as the key resistance target that options positioning has highlighted.

Practical trade ideas

- Bias to buy dips toward $94k–$96k with tight risk management while momentum remains positive. Consider partial profit-taking near $100k if options flow remains skewed toward selling longer-dated calls.

- For momentum traders, look for a sustained close above $97,800–$98,000 to validate a run toward $100k. Failure to hold $94k would raise the probability of a deeper pullback toward prior consolidation levels.

Cross-market context and macro risks

Stronger US data (accelerating PPI and resilient retail sales) has supported a firmer USD, which can temper risk-on rallies across asset classes. While BTC is decoupling at times due to ETF flows, broad USD strength or a sudden shift in macro risk sentiment could trigger liquidity-driven corrections. Retail and institutional participants active in crypto trading should remain aware of macro inputs normally tracked by forex traders and commodity desks.

Managing risk with automation

Given the speed and intraday volatility when ETF flows and options positioning interact, many traders find automated trading useful for disciplined execution. Automated trading tools can help size positions, trail stops and execute predefined strategies around the key levels described above. For BTC-specific execution, consider a dedicated Bitcoin Trading Bot to implement the trade plans described here.

Risk considerations

Key risks to monitor: an RSI-driven pullback toward $94,253, a failure to absorb profit-taking near $100k, or an abrupt macro shock that reverses risk appetite. Options market structure (near-term call buying vs long-dated call selling) implies tactical upside but strategic caution — position sizing and stop discipline are essential.

Conclusion and next steps for traders

Spot ETF inflows and concentrated near-term call buying give Bitcoin a credible path toward $100,000 in the short term, supported by bullish momentum. However, overbought indicators and long-dated call selling increase the risk of a short-term correction or rangebound trading beyond that level. Traders should combine technical triggers with sound risk management and can consider automated solutions to enforce discipline.

If you want to test disciplined execution with automation, try the Trade Assistant Bot or explore PlayOnBit's execution tools designed for fast-moving crypto markets. For direct BTC strategies, the Bitcoin Trading Bot can help implement the trade plans described above while you monitor macro drivers that also influence forex trading and broader market liquidity.

Ready to put a plan into action? Visit PlayOnBit and try our AI trading bot to automate entries, exits and risk controls tailored to the BTC levels and signals discussed here.