Key Notes

Bitcoin ETFs have gained over $5 billion in net inflows since October-start.

BTC is currently trading around $121,400, slightly below its recent high of $126,000.

Analysts view $110,000 as Bitcoin’s new bottom, predicting a rally toward $150,000.

Bulls are aiming higher for Bitcoin BTC $121 617 24h volatility: 0.4% Market cap: $2.43 T Vol. 24h: $66.93 B price in this quarter as institutional investors show massive appetite for the cryptocurrency in October. Bitcoin exchange-traded funds (ETFs) have already amassed more than $5 billion in cumulative net inflows since this month’s start.

On Oct. 9, these funds attracted $197 million, according to the data by SoSoValue. BlackRock’s IBIT led the charge, accounting for $255 million in inflows.

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