Bitcoin rallies as spot ETF inflows soar, but $105K looks out of reach

Bitcoin finds renewed strength as inflows to the spot BTC ETFs resume, but data questions whether bulls can push the price to $105,000.

Key takeaways:

Bitcoin’s move above $97,000 lacks confirmation in derivatives markets, with the options skew signaling caution toward any sustained rally.

Geopolitical risks, falling treasury yields, and weakening equities reinforce a risk-off setting that continues to limit Bitcoin’s upside.

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