Bitcoin Smashes Toward $105K as ETF Cash Firehose Overpowers Resistance

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2025-05-16 03:44:55

Bitcoin Eyes $105K as ETF Inflows Surge Amid Resistance

Wall Street’s latest gold rush—crypto ETFs—is flooding Bitcoin with institutional money, bulldozing through technical resistance like it’s 2017 all over again. The $105K price target? Suddenly it’s not a meme.

Behind the surge: Traders are piling into spot Bitcoin ETFs at a record clip, with BlackRock’s IBIT alone sucking up $1.8B last week. Meanwhile, the ’max pain’ zone around $90K—where bears had stacked their shorts—just got vaporized in the liquidity tsunami.

The cynical take: Nothing makes hedge funds FOMO harder than watching other hedge funds get rich. Just don’t mention the 72% drawdowns from last cycle—this time is ’different,’ we swear.

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Bitcoin Whale Makes $226M Power Move—Market Eyes $105K Breakout

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