Is BTC headed toward a plunge to $62,000 in the near future? The leading cryptocurrency has been quite unstable over the past several days, slipping from its local top above $87,000 witnessed earlier in September. Some popular analysts believe the asset may soon offer a buying opportunity before resuming its rally toward $90,000 and even $100,000, while key factors support the overall bullish outlook. Down and Then Massive Pump? Earlier this month, Ali Martinez outlined several reasons why BTC might be on its way to hit the $100K psychological level. Among them is growing institutional appetite, with the analyst noting that spot Bitcoin ETFs have accumulated more than $1.6 billion worth of the cryptocurrency in about 72 hours. The interest remained solid and, in fact, last week was the strongest since October 2025, with net inflows reaching almost $2.4 billion. SoSoValue’s data shows these ETFs posted eight green days in a row, last seen in August. This suggests pension funds, hedge funds, and other conservative investors continue to increase their exposure to the asset, potentially paving the way for further price gains in the near future. Spot BTC ETFs, Source: SoSoValue Recently...
Bitcoin (BTC) May Offer a Buying Opportunity Before the Next Big Pump: Analysts
1 week ago
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