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Why is Crypto Going Up Today ?

  • Bitcoin spot ETFs saw $1.17 billion in net inflows, led by BlackRock and Fidelity, indicating strong institutional interest in the crypto market.
  • Over $5 billion in BTC and ETH options are set to expire, with balanced market sentiment reflected in the Put/Call Ratios and max pain points.
  • Ethereum price surpasses $3,000 as BlackRock acquires over 108,000 ETH, signaling institutional confidence in Ethereum.
  • Bitcoin reaches a new all-time high above $118,000 driven by institutional demand, spot ETF inflows, and increasing adoption by companies and governments.

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