Bitcoin Eyes New All-Time High as Analyst Sets $170K Target
US-listed spot Bitcoin ETFs posted a $520 million inflow on Tuesday, a sharp change after a $1.15 million inflow the day before and a recent week that saw $1.22 billion in withdrawals. Market watchers say that swing is significant because ETF inflows have in the past helped drive large price rallies; one analyst now pegs a $170,000 target, putting a fresh all-time high back in view.
Traders are watching whether the flows persist — a one-day move can reverse, but sustained demand into ETFs would likely tighten spot liquidity and amplify upside for BTC while supporting correlated altcoins. The development highlights ETFs' growing influence on price dynamics and keeps investor appetite front and center for near-term direction amid broader macro and liquidity uncertainties.