Why calm price action can hide the most important signals

Bitcoin moved above $97K with little volatility, but the real activity showed up beneath the surface. Spot Bitcoin ETFs recorded $753M in net inflows, the strongest single-day total since October, pointing to continued institutional accumulation rather than speculative chasing.

At the same time, infrastructure and regulation kept advancing. Visa and BVNK rolled out stablecoin payouts, Pakistan signed an agreement to integrate USD1, Germany’s DZ Bank received approval to launch a crypto platform, and the NYSE listed a Chainlink ETF.

When capital flows, infrastructure, and regulation progress together, markets often look quiet right before they change.

Do you see this as early positioning… or just another calm phase?

#BTC #MacroInsights