Bitcoin climbed back above $90,000 on Wednesday, lifted by record weekly inflows into spot exchange-traded funds. Asset managers reported sustained institutional buying, reversing several weeks of cautious positioning. Traders pointed to easing macro uncertainty and renewed risk appetite following softer inflation data. On-chain metrics showed long-term holders adding to positions rather than selling into strength. Strategists remained split on whether the move marks the start of a new leg higher or a relief rally, but agreed that ETF flows have become the dominant driver of short-term price action.
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