Bitcoin touched a 12-week high of $79,400 over the session, then corrected to $77,817 as the latest tape settled. The pair continues to hold the positive momentum that built through last week, supported by steady spot ETF inflows that are cushioning the pullback rather than amplifying it.
Why it matters
The 12-week high is the visible print, but the more interesting read is the reaction: a $1,600 dip from the wick that did not break structure. That kind of shallow retrace off a multi-week high usually signals buyers leaning in on dips rather than fading the breakout — a pattern that historically extends the move before any real distribution sets in. The Fear & Greed Index at 47 (Fear) reinforces the read; price pushing into a fresh local high while sentiment is still fearful is closer to early-cycle than late-cycle behaviour.
Market impact
Ethereum is tracking in the same lane at $2,329, down a fraction on the day. Total crypto market cap sits at $2.69T with BTC dominance at 57.9% — a steady tape rather than a rotation. The macro flow underneath is the same one traders have been watching all month: US spot Bitcoin ETFs are running their longest inflow streak of the year and have accumulated close to 7% of total BTC supply. Altcoin index reads 35/100, still suppressed, which keeps the next leg of beta gated on BTC holding this range.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAIuqWnvB4hcDsgtc_EiFliXwQjZRGoWAAI1FGsbCRV4S2sslEqbnIXEAQADAgADeQADOwQ)
Frequently asked questions
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How high did Bitcoin go in this session?
Bitcoin touched a 12-week high of $79,400 over the session before correcting to $77,817 — the $1,600 pullback did not break the underlying market structure.
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What is the Fear & Greed Index reading right now?
The Crypto Fear & Greed Index reads 47 (Fear), a level that historically shows up closer to early-cycle price action than late-cycle euphoria.
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How much of total Bitcoin supply do US spot ETFs now hold?
US spot Bitcoin ETFs are running their longest inflow streak of the year and have accumulated close to 7% of total BTC supply.
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Why are analysts calling this a structural bid?
The combination of a shallow retrace off a multi-week high, steady spot ETF inflows, and fearful sentiment at higher prices points to buyers adding on dips rather than rebalancing out.
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What is Ethereum and the broader market doing?
Ethereum is tracking the same lane at $2,329, down a fraction on the day. Total crypto market cap sits at $2.69T with BTC dominance at 57.9% and the altcoin index at 35/100.
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