Bitcoin ETFs May Have Added 10.9K BTC in Two Days Amid Renewed Institutional and Retail Interest

Key Points

1. Bitcoin spot ETFs accumulated 10,900 BTC over two days, led by Fidelity and BlackRock, alongside Ark and Bitwise.

2. Retail investors show renewed interest in Bitcoin, particularly in transactions below $10,000, with a positive 30-day demand change.

3. Market indicators suggest potential overheating, with cumulative open interest surpassing $2.2 billion and the Fear & Greed Index at 70 (Greed).

4. Ethereum outperforms with a 6% price increase to $3,157, driving interest in DeFi and AI tokens, while the Altcoin Index climbs to 39.

5. Institutional ETF inflows and recovering retail demand suggest a robust foundation for the current Bitcoin rally, despite cautionary signals.