$BTC just reclaimed $96K and ETF demand is tightening supply fast
$BTC pushed above $96,000, marking its highest level this year and its strongest showing since November. The move capped a near 5% rally in 24 hours, with BTC briefly touching the $96,600 area before cooling near $95K. Momentum has clearly flipped back toward buyers.
The driver is institutional flow. U.S. spot Bitcoin ETFs pulled in over $750M in net inflows in a single day. Fidelity’s FBTC and Bitwise’s BITB led the charge, showing that demand is not slowing as price rises. This is steady absorption, not speculative chasing.