Bitcoin price has shown a slight bearish pressure in recent sessions as global markets remain unstable and traders are adopting a cautious stance. BTC has struggled to build strong bullish momentum; however, the bearish side remains limited.
Note that strong demand for spot Bitcoin ETFs indicates that investor positioning may be shifting towards a more positive outlook.
Bitcoin is recording a buy signal
Instant Bitcoin ETFs recorded inflows of $1.42 billion during the past week, marking the highest weekly total in three months. This increase reflects renewed institutional interest during a period of calm price movement. The last similar surge in inflows occurred in October 2025, when ETFs attracted $2.71 billion.
Such inflows often indicate growing investor confidence. Capital entering ETF funds usually reflects a long-term positioning rather than short-term speculation. Current trends suggest that market participants expect Bitcoin's price to rise, reinforcing the bullish trend despite short-term volatility and mixed macroeconomic signals.
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Macroeconomic indicators also support the positive trend. The Pi Cycle Top indicator, a historical measure of overbought Bitcoin markets, is currently showing divergence. This tool compares the simple moving average over 111 days with the moving average over 2x365 days to identify cycle peaks.
Currently, these averages are diverging rather than converging. This gap suggests that the market is not overbought. Historically, such conditions coincide with low-risk bull market phases or early to mid-stage phases. This signal clearly contradicts typical selling conditions, reinforcing the presence of an active buy signal.
The price of Bitcoin is trading near $95,173 at the time of writing this report, and it has maintained support above the critical level of $95,000. This area has held strong despite repeated tests, indicating that buyers remain active. Continuous inflows into exchange-traded funds (ETFs) may provide the necessary demand to lift the price out of this consolidation range.
If the bullish conviction continues, BTC may rebound towards $98,000. Such a move would also allow Bitcoin to reclaim the 200-day exponential moving average near $95,986. Exceeding this level would restore bullish momentum and strengthen the case for pushing towards the psychological threshold of $100,000.
However, risks remain. If investor confidence changes or instant ETFs start to see outflows, the bullish pattern will weaken. In this scenario, Bitcoin may lose support at $95,000. This drop could expose BTC to a decline towards $93,471, indicating renewed downward pressure.