Overview
- Bitcoin spiked to roughly $125,700 during Asian trade on Sunday before easing to the low $123,000s.
- Reports cite heavy buying through U.S. spot Bitcoin ETFs, including weekly net inflows around $3.24 billion.
- CoinGlass data referenced in coverage shows about $985.10 million in net inflows, described as the second‑largest since January’s launch.
- Exchange‑held balances have fallen to roughly 2.83 million BTC, a six‑year low that reduces immediate sellable supply and can magnify price swings.
- Traders highlight key levels near $124,000 resistance and the four‑hour 50‑EMA around $118,000, with volatility elevated on thin weekend liquidity and macro factors such as a softer dollar and policy risks in Washington.