Bitcoin rose above the $122,000 mark on Monday. According to data from CoinGecko, prices briefly topped that level before pulling back slightly.
The jump comes in the face of strong inflows into spot bitcoin ETFs and growing institutional interest. Traders watched as the largest cryptocurrency by market cap set yet another record.
Bitcoin ETFs Explode
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Based on reports, Bitcoin ETFs saw $1.20 billion flow in on Thursday alone. That was the biggest single‑day haul of 2025.
Last week, QCP Capital said institutional flows into spot BTC ETFs topped $2 billion. These numbers suggest big players are betting on more upside.
Open interest on futures now exceeds $43 billion. Funding rates on perpetual contracts are climbing too, showing crowded long positions.
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