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Bitcoin price remained highly volatile, trading around $87,000, with the BTC to PKR rate hovering near PKR 24 million, as strong institutional inflows met sudden price reversals. BTC briefly surged close to $90,000 before pulling back below $86,000, reflecting uncertainty despite rising demand.
U.S. spot bitcoin ETFs recorded $457.3 million in net inflows, marking the strongest single-day intake since November 11. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the surge with $391.5 million, ranking among its top five inflow days. BlackRock’s iShares Bitcoin Trust (IBIT) also attracted $111.2 million, underscoring sustained institutional appetite for bitcoin exposure.
Bitcoin Dominance Hits Monthly High
Bitcoin dominance climbed to 60%, its highest level in over a month, indicating that capital continues to rotate toward bitcoin rather than alternative cryptocurrencies. Analysts view rising dominance as a sign of relative strength and reduced risk appetite across the broader crypto market.
Market Outlook and Volatility
Bitcoin is currently trading around $87,000, while implied volatility remains just below 50, a historically low level that suggests markets may be underpricing future price swings. Upcoming macro events, including interest rate decisions by the Bank of England and inflation data from the U.S. and Japan, could inject fresh volatility into bitcoin price action.
“Strong ETF inflows show confidence in bitcoin, but macro events could still drive sharp short term moves,” a market analyst said.
