- US BTC ETFs have registered inflows for 13 consecutive sessions.
- The bullish sentiment can also be seen in early-stage project, Bitcoin Pepe.
- The project’s presale has seen inflows of over $300K in the past 24 hours.
Bitcoin (BTC) is trading around $107,000 on Friday, hovering just 4% below its all-time high as it consolidates near key technical levels.
Bitcoin briefly dropped to a daily low of $98,200 on Sunday amid geopolitical tensions but held above the key psychological level of $100,000.
It rebounded sharply on Monday and maintained momentum through midweek, closing above $107,000 on Wednesday and holding steady since.
At the time of writing, BTC remains near the $107,000 mark. A continuation of the rally could see a test of the May 22 record high of $111,980.
A decisive close above that level may open the door to further upside, with $120,000 emerging as the next potential target.
Institutional inflows have provided additional support, contributing to a broader recovery in risk appetite within crypto markets.
The current environment has also driven speculative interest in early-stage projects, with Bitcoin Pepe drawing investor attention as its presale continues.
In just the past 24 hours, the project’s presale saw inflows of over $300,000.
BTC ETF inflows show no signs of slowing
US spot Bitcoin exchange-traded funds have logged their longest streak of inflows since December 2024, pulling in over $2.9 billion across 13 consecutive trading sessions.
The surge in demand comes as regulatory momentum builds for broader digital asset approvals expected over the next four months.
On Thursday, the ETFs brought in over $226 million.
BlackRock’s IBIT led Thursday’s activity with $163.7 million in inflows, followed by Fidelity’s FBTC with $32.9 million and Bitwise’s BITB with $25.2 million, according to data from Farside Investors.
The ETFs posted their largest single-day inflow for June on Tuesday, with $588.6 million added. In this week alone, the ETFs have seen inflows of over $1 billion.
The continued inflows highlight rising institutional interest in crypto investment products.
Bitcoin Pepe presale sees robust interest
While Bitcoin remains stable, its recent move toward fresh highs is lifting overall market sentiment, often a precursor to broader rallies across the crypto sector.
As capital returns to digital assets, speculative segments such as meme coins are regaining investor attention.
Leading this shift is Bitcoin Pepe.
Billed as the first meme-focused Layer 2 on the Bitcoin network, Bitcoin Pepe aims to merge meme culture with functional blockchain infrastructure.
The project seeks to harness Bitcoin’s security while offering scalability comparable to networks like Solana—a contrast to most meme tokens, which typically lack underlying infrastructure.
To support its Layer 2 vision, Bitcoin Pepe has announced several strategic partnerships, including tie-ups with Super Meme and Plena Finance.
The project reflects a broader push to blend real-world utility with viral appeal—an approach that may find traction in the current market environment.
Investor interest appears strong. Bitcoin Pepe has raised over $15.9 million in its ongoing presale.
A listing announcement is expected on June 30, which could act as a near-term catalyst for price movement.
