Bitcoin News Today: Bitcoin ETFs Accumulate 10,900 BTC in Two Days Led by Fidelity and BlackRock

Bitcoin ETFs have seen a significant influx of Bitcoin, with a total of 10,900 BTC added over the course of two days. This surge in investment was primarily driven by major institutions such as Fidelity and BlackRock, which led the accumulation. Other notable players, including Ark and Bitwise, also contributed to the positive flows. This coordinated buying pressure occurred during a price correction, demonstrating the confidence of major players in the market despite short-term volatility and fear.

Retail investors have also shown signs of renewed interest in Bitcoin. After weeks of negative demand, retail transfer volumes have rebounded, indicating a growing risk appetite among smaller investors. Data shows that the 30-day change in demand for transfers under $10,000 has moved above zero, suggesting increased interest in low-cap purchases and small wallet accumulation. This shift in retail sentiment supports the current rally, as smaller transactions have historically dropped sharply during previous downturns.

The Altcoin Index has also seen strength, climbing to 39, supported by the rally in Ethereum and steady demand for DeFi and AI tokens. Ethereum's price rose to $3,157, posting a 6.09% gain in 24 hours. While market breadth is improving, Bitcoin's dominance remains favorable for now.

Despite the bullish flows, several warning signals have emerged across technical indicators. Cumulative open interest has exceeded 2.2 billion, with the Fear & Greed Index at 70, reflecting a state of "Greed." Historically, these conditions have aligned with local market tops or consolidation phases. Bright red signals on the open interest chart indicate zones of extreme positioning paired with high sentiment, which have historically aligned with local market tops.

Macro indicators suggest that this bull market is not driven by money supply expansion as in past cycles. According to the analysis, only 12.1% global M2 growth has been observed, compared to 33% during the 2018–2021 cycle. This suggests that fundamental drivers such as ETF adoption and regulatory clarity are taking the lead in this market cycle.