Bitcoin Holds Above $86,000 on Longest Winning Streak Since 2012
- —Bitcoin's winning streak is the longest since 2012, with price holding above $86,000
- —MVRV ratio sits in bullish territory, signaling healthy aggregate holder profitability
- —The Tokenist: spot Bitcoin ETF demand matters more than historical patterns for the rally's next leg
- —ETFs have become the primary channel for capital inflows, reshaping Bitcoin's market structure
Why it matters: The rally's durability now hinges on daily ETF inflows: a slowdown or reversal could pressure momentum regardless of historical or on-chain signals.
Source: Bitcoin Insider