Bitcoin Rises Above $107,000 as ETF Inflows and Corporate Buying Fuel Rally
Bitcoin gained 1.87% in the past 24 hours, lifted by surging institutional demand, expanding corporate adoption, and a decisive technical breakout. The move signals growing confidence in BTC’s upside trajectory amid favorable capital flows and regulatory support.
The primary catalyst came from record spot Bitcoin ETF inflows, which totaled $588.6 million on June 24, according to K33 Research.
Over the past 30 days, ETF inflows have shown a strong 0.80 R² correlation with BTC price gains, pointing to a direct relationship between institutional demand and price action.
Corporate Allocations and Regulatory Boosts Add Fuel
Corporate treasuries also contributed to bullish momentum. China-based Aurora Mobile announced plans to allocate up to 20% of its cash into Bitcoin, Ethereum, Solana, and SUI, while The Blockchain Group raised $4.72 million specifically to buy BTC. These moves highlight continued institutional conviction in Bitcoin as a treasury asset.
Meanwhile, Asia provided regulatory tailwinds. Hong Kong’s Securities and Futures Commission (SFC) approved virtual asset licenses for Guotai Junan and HashKey, signaling a more welcoming stance toward regulated crypto platforms. The news boosted regional investor confidence and encouraged capital rotation into compliant digital asset products.
Technical Breakout Confirms Momentum
On the charts, Bitcoin broke above a key Fibonacci resistance level at $104,515, confirming bullish momentum. The move strengthens the case for a sustained uptrend, especially if ETF inflows and institutional accumulation continue at current pace.
With macro tailwinds, fresh inflows, and corporate backing aligning, Bitcoin appears poised to maintain upward pressure—potentially setting the stage for further gains as new capital enters the market.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
