Bitcoin Breaks Barrier Above $100,000 as Spot ETFs Drive Surge

Bitcoin price surged past the $105,000 mark in a rally fueled by spot ETF inflows and trading activity on platforms like Coinbase. These flows played a key role in initiating the upward movement. 105K was seen for the first time since mid-April after touching a low of nearly $75,000 on April 9th. Analysis from Glassnode reveals that these gains were mainly driven by demand from spot markets, with significant inflows coming from centralized exchanges like Coinbase.