Bitcoin traded around $91,000 after recovering from a drop to just over $89,000. BTC is 2% lower than its all-time high of $93,445 hit on Wednesday afternoon in the US, but is still up more than 4% in the past 24 hours. Bitcoin ETFs recorded another $510 million in inflows on Wednesday, bringing the past six-day total to $4.7 billion. “Bitcoin ETFs are currently driving the overwhelming majority of Bitcoin demand, absorbing almost all of the selling from long-term holders. It confirms that it is a rally,” the analyst said. Checkmate said this in X's post.
