ETF flows continue to support a Bitcoin breakout. As of today, our ETF flows model puts the expected price of Bitcoin at $119K, and the range of likely outcomes is still trending higher.

Bitcoin is already at an all-time high, and the macro backdrop is shifting into a full risk-on regime. As long as ETF inflows remain strong, it’s just a matter of time before the price catches up to the model. Follow @ecoinometrics for more data-driven insights on Bitcoin and macro.