Bitcoin is nearing its next local bottom below $109,000, with positive signs of a US demand recovery and surprise ETF flows. The Coinbase Premium rebounded following a $700 million liquidation. Market participants remain cautiously optimistic, with hopes of a bounceback at $106K-$108K levels. Analysts see similarities in current price action to a Q2 rerun in 2025. Institutional flows from US spot Bitcoin ETFs are adding to market uncertainty, despite achieving positive flows of nearly $220 million on Monday.

Read more at Cointelegraph: Bitcoin Price Rebound Cues Come as ETF Inflows Flip Green