Analysts: BTC rally to $100K may not signal trend reversal

While expectations are growing that Bitcoin could test the $100,000 level in the short term, recent analysis suggests any such move would likely be a temporary, technically driven rebound rather than a structural uptrend. According to crypto market maker and ETF liquidity provider Flowdesk, the recent price increase has been primarily driven by strong short covering and an influx of call option purchases, with over $800 million in recent ETF inflows also bolstering buy-side liquidity. Similarly, Enflux noted that Bitcoin's push past $97,000 was the result of internal market liquidity rather than macroeconomic factors, concluding that the current market is better suited for strategic positioning than for entering a new trend.