Data hints that new all-time highs are on the way, even if Bitcoin struggles to gain above $92,000.
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The latest inflows bring spot Bitcoin ETFs’ total net assets to $95.4 billion, or 5.27% of Bitcoin’s $1.8 trillion market capitalization.
Bitcoin maintaining above $85,000 improves the price prospects for SOL, AVAX, SUI, and NEAR.
XRP price corrects after a 56% pump to three-year highs above $1.26 as retail traders book profits and tokens move to exchanges en masse.
A crypto analyst reiterates that “some of these” Bitcoiners have been “here for many years,” and $90,000 is the “first target” for profit-taking.
ETF analyst Eric Balchunas says “the ball” is now with the Options Clearing Corporation, forecasting that spot Bitcoin ETF options will “list very soon.”