Bitcoin’s Momentum: Whale Activity and ETF Flows Suggest a Potential Price Surge

While Bitcoin prices haven’t experienced dramatic surges yet, market signals suggest a potential breakout could be brewing. Recent data reveals substantial inflows into Bitcoin exchange-traded funds (ETFs). BlackRock’s iShares Bitcoin Trust has seen an impressive $4.7 billion influx in just weeks, highlighting strong demand. 💰 This surge is particularly notable considering a simultaneous outflow of $85.7 million from Bitcoin ETFs on May 6th, indicating some cautious market sentiment for now.