Bitcoin has crossed the $150,000 milestone for the first time in its history, driven by unprecedented institutional demand from spot Bitcoin ETFs.
ETF inflows
BlackRock's IBIT and Fidelity's FBTC recorded a combined $3.2 billion in net inflows over the past seven days, the highest weekly figure since the ETFs launched in January 2024.
Market analysis
Analysts at JPMorgan attribute the surge to a combination of ETF demand, the post-halving supply squeeze, and growing corporate treasury adoption following MicroStrategy's model.
What comes next?
Several analysts now project a cycle peak between $180,000 and $220,000 before the end of 2025.