Bitcoin Surges Past $95,000 Amid Renewed Institutional Demand
Bitcoin surged past $95,000 for the first time in nearly two months on Saturday, as a combination of robust inflows into U.S.-listed spot Bitcoin ETFs and renewed buying from large institutional investors reignited bullish momentum.
The world's largest cryptocurrency rose as much as 8.4% in the past 24 hours, touching an intraday high of $95,780. Other major digital assets also advanced, with Ethereum gaining 5.9% and Solana jumping 11.2%.
ETF Inflows Fuel the Rally
Spot Bitcoin ETFs recorded a combined net inflow of approximately $840 million on Friday, the largest single-day haul since early December, according to Bloomberg Intelligence.
BlackRock's iShares Bitcoin Trust (IBIT) alone took in more than $500 million on Friday, pushing its total AUM above $28 billion.
On-Chain Signals Are Bullish
Data from blockchain analytics firms show that long-term holders — wallets that have held Bitcoin for more than 155 days — have been steadily accumulating rather than distributing, a pattern historically associated with the early stages of a bull run.
“The supply squeeze is real. Long-term holders are not selling into this rally, which means new demand is pushing prices up against a shrinking float.”
Despite the positive momentum, analysts warn that Bitcoin remains a volatile asset and a pullback after a rapid run-up cannot be ruled out.