- US BTC ETFs have registered inflows for 13 consecutive sessions.
- The bullish sentiment can also be seen in early-stage project, Bitcoin Pepe.
- The project’s presale has seen inflows of over $300K in the past 24 hours.
Bitcoin (BTC) is trading around $107,000 on Friday, hovering just 4% below its all-time high as it consolidates near key technical levels.
Bitcoin briefly dropped to a daily low of $98,200 on Sunday amid geopolitical tensions but held above the key psychological level of $100,000.
It rebounded sharply on Monday and maintained momentum through midweek, closing above $107,000 on Wednesday and holding steady since.
At the time of writing, BTC remains near the $107,000 mark. A continuation of the rally could see a test of the May 22 record high of $111,980.
A decisive close above that level may open the door to further upside, with $120,000 emerging as the next potential target.
Institutional inflows have provided additional support, contributing to a broader recovery in risk appetite within crypto markets.
The current environment has also driven speculative interest in early-stage projects, with Bitcoin Pepe drawing investor attention as its presale continues.
In just the past 24 hours, the project’s presale saw inflows of over $300,000.
BTC ETF inflows show no signs of slowing
US spot Bitcoin exchange-traded funds have logged their longest streak of inflows since December 2024, pulling in over $2.9 billion across 13 consecutive trading sessions.
The surge in demand comes as regulatory momentum builds for broader digital asset approvals expected over the next four months.
On Thursday, the ETFs brought in over $226 million.
BlackRock’s IBIT led Thursday’s activity with $163.7 million in inflows, followed by Fidelity’s FBTC
