Bitcoin is approaching its all-time high as spot premiums remain strong and ETF inflows increase, indicating renewed institutional interest.
A positive shift is observed as ETF inflows have resumed, leading to price movements in Bitcoin following prior short-term weakness.
Recent momentum in the Bitcoin market is accompanied by a rise in open interest, indicating increased market activity, but caution is advised as volatility is expected to increase further in the next 24 to 48 hours.
Key catalysts for potential price movements include the U.S. Consumer Price Index data release, developments in U.S.-China trade talks, and a surge in open interest, prompting market participants to prepare for significant moves.