Bitcoin News Today: Bitcoin Surges 1.3% as Ethereum ETFs See First Inflows in Three Days

Bitcoin climbed back above the $115,000 mark on Wednesday, continuing a broader rebound in crypto markets [3]. The leading cryptocurrency gained 1.3% in the past 24 hours, following a recent pullback that saw it dip to around $113,000 [3]. Ethereum also participated in the rebound, surging 2.8% and retaking the $3,600 level [3]. The recovery came as Ethereum ETFs posted inflows for the first time in three days, with more than $73 million flowing into the products on Tuesday, according to Farside Investors [3]. Meanwhile, Bitcoin ETFs continued to see outflows, though the amount dropped to $196 million on Tuesday from $819 million just days earlier [3].

The market’s movements reflect the typical volatility of a bull run, according to analysts. “Historically, when you zoom in to prior bull markets, it's never 'up only.' Instead, bull markets often are accompanied by volatility, and lots of it,” said Ryan Rasmussen, Head of Research at Bitwise [3]. He noted that traders often become overextended as prices reach all-time highs, leading to forced selling and short-term corrections [3]. The recent pullback, which saw nearly $900 million in liquidations on Friday, is seen as part of that natural ebb and flow [3].

The broader market mirrored Bitcoin and Ethereum’s performance, with other major assets like Solana and BNB also posting gains of more than 3% in the last 24 hours [3]. The crypto market as a whole gained 1.8% over the same period, according to CoinGecko, indicating a widespread but moderate recovery [3]. However, the market’s resilience has not yet translated into a sustained uptrend, with analysts cautioning that short-term volatility remains a key factor [3].

On-chain activity also showed signs of increased participation, with long-term holders—some with BTC dormant for up to 10 years—moving over 3,000 BTC in a single day [4]. This kind of activity is often seen as a sign of potential market tops [4]. Additionally, rising taker sell volumes in futures contracts pointed to a possible shift in momentum, with sellers beginning to gain more control [4].

While the immediate outlook remains uncertain, Rasmussen expressed a long-term bullish stance, emphasizing that the current bull market is expected to be multi-year in nature [3]. “We view the volatility along the way as an opportunity for investors to strategically position their portfolios for the long-term growth of crypto,” he said [3]. The market’s ability to absorb recent corrections without a major breakdown suggests that underlying demand remains strong, though the sustainability of the current rally will depend on broader macroeconomic factors, including U.S. regulatory developments and policy direction [4].

Sources:

[3] Decrypt - https://decrypt.co/price/bitcoin

[4] Decrypt - https://decrypt.co/degen-alley/news