Despite a recent price surge, Bitcoin’s spot ETF inflows remain subdued, indicating lingering investor hesitancy. While the week saw a turnaround from last week’s sharp outflows, weekly inflows currently stand at a modest $15.85 million—the lowest this year so far. This cautious trend reflects institutional investors’ continued wariness in the face of escalating global trade tensions and economic uncertainty. The market remains wary despite Bitcoin surpassing $87,000 in recent days. While prices have shown upward momentum with a 3% gain in the past 24 hours, Coinglass data reveals declining futures open interest, suggesting a lack of widespread market confidence in the current rally. Technical signals suggest potential for further gains, particularly as Bitcoin breaks above its 30-day EMA. However, resistance remains near the 200-day SMA at around $88,245, making sustained price levels crucial for reaching higher targets like the $90,000 – $92,000 range. A closer look at ETF flows shows a cautious market approach with minimal change. The modest inflows indicate that institutional investors are still hesitant to commit despite the recent price jump, as they remain wary of global trade tensions and economic uncertainty. Despite this hesitant market response, Bitcoin’s price action has defied the lack of investor enthusiasm. This week saw a notable rally, surpassing $87,000. However, market internals reveal a disconnect between price movement and underlying confidence. The decline in futures open interest despite price gains suggests that many traders are skeptical about the rally’s sustainability. Crypto analyst Omkar Godbole notes that Bitcoin’s breakout above its 30-day EMA could be a sign of renewed bullish strength.** The next key target is the 200-day SMA, which currently sits around $88,245. If Bitcoin can maintain this trajectory, it may serve as a springboard for further gains toward higher levels. While market sentiment remains cautious with weak ETF inflows and declining futures interest, some indicators show potential for renewed bullish momentum. Ultimately, Bitcoin’s price action remains subject to the evolving market sentiment and investor confidence in the coming weeks.