The sharp turnaround also came as the broader crypto market sentiment improved and prices staged a notable rebound.
The inflows coincided with a sharp recovery in asset prices, reinforcing the view that institutional demand remains highly sensitive to market signals.
Timothy Misir, head of research at BRN, pointed out that Bitcoin climbed back to $114,000, erasing much of the prior week’s losses and forming a sharp V-shaped recovery.
According to him, BTC investors consistently defended the $110,000 to $111,000 range, creating a sequence of higher lows that strengthened bullish conviction.
Misir continued that the resistance lies between $115,000 and $116,300. He noted that consolidation in that zone is likely before any push higher, but stressed that as long as Bitcoin trades above $109,000, momentum remains constructive.
