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Bitcoin has risen by 1.37% in the past 24 hours, surpassing $96,316.27, with the market showing a rollercoaster of sentiments.
On the positive side, continuous inflows of institutional funds are providing strong momentum for BTC. Morgan Stanley recently filed ETF applications for Bitcoin, Ethereum, and Solana, while Grayscale also submitted exploratory applications, indicating that regulated crypto asset access is significantly opening up. Meanwhile, the US spot Bitcoin ETF recorded a net inflow of $753 million on Tuesday, as investor confidence rebounded after four consecutive days of outflows.
Mainstream financial institutions are also accelerating their embrace. Germany’s second-largest bank, DZ Bank, received MiCAR approval and is about to launch a cryptocurrency platform supporting BTC, ETH, LTC, and ADA. This suggests that major European banks are gradually accepting the digital asset ecosystem.
However, risks also exist. On the technical side, the MACD histogram over the past seven hours has continued downward, dropping sharply from a positive value of 25.02 at 08:00 to a negative 201.01 at 04:00, indicating a clear weakening of short-term bullish momentum. More concerning is the capital flow—approximately $17.8 million net outflow within 24 hours, especially large outflows in recent hours, hinting at increasing selling pressure.
Macroeconomic uncertainties are also dampening market sentiment. Mixed inflation data, upcoming corporate earnings reports, and tense geopolitical situations have made traditional markets generally cautious. The bond market expects the Federal Reserve to delay rate cuts until mid-2026, while Chinese economic data show signs of weak domestic demand.
Community opinions on Bitcoin’s outlook are divided—some firmly believe $200,000 is an inevitable outcome, while others focus more on the short-term opportunity to break through $100,000. Overall, BTC is currently caught between institutional optimism and technical weakness, and further observation of Federal Reserve policies and macroeconomic developments is needed.