<ul><li>Spot Cumulative Volume Delta (CVD) tracks net buying or selling pressure in spot order books, reflecting strong buying pressure on Coinbase and reduced selling pressure on Binance.</li><li>On-chain accumulation aligns with spot demand, indicating genuine dip-buying activity that supported the rally towards $104k, suggesting a well-supported bullish outlook in the mid-term.</li><li>Institutional interest in Bitcoin remains strong, highlighted by the introduction of spot ETFs and consistent net inflows to ETF wallets, supporting the rally as long as demand from both retail and institutional investors persists.</li><li>Robust institutional interest and steady ETF inflows indicate a positive outlook for Bitcoin's future, with institutional participation playing a significant role in the market's growth.</li></ul>

Spot Flows and Institutional Interest Fuel Bitcoin’s Bullish Momentum

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