Bitcoin continues to demonstrate resilience near the $109,000 price level, buoyed by substantial institutional inflows of $2.2 billion into Bitcoin exchange-traded products last week. This sustained capital deployment reflects growing institutional confidence despite recent market volatility.
Adding to market optimism, Michael Saylor’s Strategy accumulated nearly 5,000 BTC at an average price of $106,801 this week. This marks the eleventh consecutive week of institutional accumulation by the strategy, highlighting persistent institutional interest in Bitcoin holdings.
Among altcoins, Binance Coin (BNB) broke decisively above its descending resistance trendline, positioning itself for further gains. Technical analysis suggests BNB could reach the $675-$698 resistance zone if it sustains momentum above the critical $636 support level.
Hyperliquid (HYPE) similarly showed strong upward movement, surging past the $39.12 resistance barrier. Should bullish momentum persist, analysts project a potential test of the $42.50-$45.80 range, with extended upside targets near $50.
While Bitcoin’s technical indicators point to sustained bullish control, other major altcoins including Ethereum (ETH), Ripple (XRP), and Cardano (ADA) continue to trade within established sideways ranges amid the current market dynamics.