Crypto

Bitcoin Bulls Eye $100K as Institutional Demand and On-Chain Momentum Turn Positive

Guavy AI Editorial Team Published September 23, 2026

Instruments

BTC

Bitcoin's price surge has brought it back into focus as market sentiment turns bullish. The latest rally is supported by strong institutional demand, technicals, and on-chain data turning positive.

The ETF accumulation has picked up, with US spot Bitcoin ETFs recording nearly $998.95 million in inflows on September 21, the strongest single-day inflow since October 2025. This is a sign of renewed institutional demand arriving as BTC pushes through key resistance levels.

BlackRock's IBIT led Monday's inflows with about $381.4 million, while ARKB and Fidelity's FBTC also attracted substantial capital.

The on-chain data is painting a more constructive picture, with Glassnode's MVRV moving above its 365-day average. This has marked a shift in momentum similar to previous recovery phases in 2019 and 2023.

Bitcoin Bulls Eye $100K as Institutional Demand and On-Chain Momentum Turn Positive

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