Bitcoin Racks Up Best Week Since 2016 as ETF Frenzy Fuels $2.7B Stampede

Wall Street’s new crypto toys—spot Bitcoin ETFs—just vacuumed up another $2.7 billion while traders cheer the currency’s sharpest weekly rally since the Trump era. Guess even traditional finance can’t resist FOMO when the charts go vertical.

The inflows come as Bitcoin claws back from its 2022 crash, with some analysts whispering ’new ATH by Q3’—though let’s see how long the hype lasts before the usual suspects start ’reevaluating risk exposure.’

Elliott Wave theory suggests asset prices move in predictable patterns called waves, driven by collective investor psychology. These patterns typically unfold in five-wave trends, in which the first, third, and fifth waves are impulsive rallies, while the second and fourth waves are corrective phases.

While retesting this month’s low at $75,000 cannot be ruled out, Glover sees BTC climbing to a cycle top around late 2025, early 2026.

"My expectations continue to be for a rally to $133-$136k into the end of this year, beginning of next,” he said.