Bitcoin Just Closed the Week With Its Strongest Close Ever, Settling Above $106,000

Bitcoin just ended the week with its strongest close in history, settling above $106,000 after a weekend rally, as shown on Binance's BTC/USDT chart.

Bitcoin price closed at its strongest level yet on Sunday, settling at $106,000 to start the new week, as seen on Binance’s BTC/USDT chart.

The digital asset touched highs of $107,000, narrowing the gap to January’s all-time high of $109,500 to just 2%.

After testing higher levels, Bitcoin pulled back to around $104,500 by the time of press. But analysts noted that the pullback was a healthy consolidation amid rising institutional flows and tightening market supply, suggesting continued upward momentum in the near term.

Indeed, investor appetite for Bitcoin investment products remained strong. US-listed spot Bitcoin ETFs saw net inflows of $608 million, building on strong momentum from the previous week, according to data from Farside Investors.

Among them, BlackRock’s (NYSE:BLK) iShares Bitcoin Trust (NYSE:BTC) topped the leaderboard, with more than $840 million in net inflows.

“This is not a melt-up—it’s a structurally supported move,” analysts at Bitfinex said in a comment on Bitcoin’s recent breakout. “As long as ETF and institutional flows persist and macro stays stable, dips are likely to be brief and bought aggressively. The path of least resistance remains higher.”

Corporate demand for Bitcoin also remained strong and steady. On Monday, Strategy (NASDAQ:STRM) announced the acquisition of an additional 13,390 BTC for approximately $1.3 billion, bringing its total Bitcoin holdings to 568,840 BTC.

The company’s aggressive cryptocurrency accumulation strategy continues to set the pace for institutional adoption.