Bitcoin Holds at $111K on ETF Inflows, ETH Whale Allocates $216M
Bitcoin has stabilized above the $111,000 mark as steady ETF inflows and rising rate-cut odds bolster market sentiment. Over the past week, BTC price recovered from a Monday low of $107,250 to close Tuesday at $111,247, with buyers eyeing a break above $113,000 resistance. Data from Lookonchain reveals an Ethereum whale sold $215 million in BTC to purchase $216 million of ETH, bringing its holdings to 886,371 ETH—surpassing SharpLink’s 797,000 ETH treasury. Meanwhile, Winklevoss-backed Treasury plans a reverse listing in Amsterdam after a €126 million funding round, and Japanese firm Metaplanet secured approval to raise up to $3.7 billion via a dual-class share structure to support its Bitcoin accumulation strategy. Analysts note that institutional demand and stablecoin liquidity underpin a cautiously optimistic market outlook. Primary resistance levels at $113,000 and $115,000 will be key for confirming a bullish structure.
Bullish
This news is bullish for Bitcoin and Ethereum. Steady ETF inflows and a high probability of a rate cut have historically supported BTC price rallies, as seen in previous ETF launch cycles. The large ETH whale rotation signals continued institutional confidence in digital assets, reinforcing market liquidity and potential cross-asset flows. Corporate moves—Treasury’s Amsterdam listing and Metaplanet’s $3.7 billion capital raise—highlight growing institutional adoption and balance-sheet accumulation strategies. In the short term, these factors should sustain upward momentum toward resistance at $113,000–$115,000. Over the long term, continued inflows and structural corporate investments are likely to underpin broader bullish trends, similar to past cycles driven by institutional entry and regulatory clarity.