U.S. funding progress lifts crypto mood — Bitcoin near $104.9K, ETFs and research suggest cycle shift

US spot Bitcoin ETFs recorded $524 million of cumulative net inflows, the largest single-day amount since Oct. 7, suggesting renewed risk appetite after the Oct. 10 market crash. Nansen-tracked “smart money” added about $8.5 million of net long BTC in 24 hours but remains net short $202 million on Hyperliquid. Analysts cite the Senate-approved funding package and hopes for cooling CPI data as catalysts. Ether ETFs experienced $107 million of outflows while Solana ETFs saw $8 million of inflows; some analysts called the correction "healthy" and say ETF inflows may signal an end to a de-risking phase.
AI Analysis
Large, concrete ETF flows ($524M into Bitcoin ETFs) and cited catalysts (Senate funding package, hopes for cooling CPI) point to renewed buying pressure; smart-money data shows modest additional BTC longs (+$8.5M) but persistent net short exposure (-$202M), and concurrent flows in ETH (-$107M) and SOL (+$8M) indicate mixed, yet market-moving, positioning.