Bitcoin Tests $90K Support as ETF Inflows Surge
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Support Level Testing: Bitcoin is currently testing the $90,000 support level, primarily driven by inflows from ETF issuers like BlackRock and Fidelity, indicating a growing confidence among institutional investors that could enhance market stability.
- Enhanced Institutional Activity: With increasing ETF inflows, major holders like MicroStrategy are actively participating in the market, which not only alleviates potential selling pressure but also provides strong support for Bitcoin prices, reflecting sustained institutional interest in the cryptocurrency.
- Historical Trends Support: Historical data shows that when Bitcoin navigates support levels around $30K or $40K, rising netflows typically stabilize prices, and the current positive inflow could signal further price appreciation, boosting market confidence in Bitcoin's future performance.
- Market Dynamics Shift: As the ETF market flourishes, Bitcoin's demand and pricing are significantly impacted, with institutional participation not only elevating Bitcoin's market position but also potentially reshaping the broader financial landscape and enhancing the performance of related financial products.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






