Spot ETFs and inflation figures create tension in the Bitcoin market

Bitcoin is trading slightly lower today but still shows a strong technical structure. While the price drops 3.93% to $117,019, the upward trend remains clearly intact. The market is moving cautiously ahead of US inflation figures expected later this afternoon.

Volatility increases, trend remains bullish

Today, traders are getting exactly what they hoped for: big moves. Bitcoin’s price is down slightly after strong gains in recent weeks. Well-known analyst Michaël van de Poppe remains positive. According to him, there’s nothing to worry about as long as the price stays above $108,000. He even calls it a clear bull market. See:

Volatility incoming, indeed.

Great for traders that do trade this volatility on #Bitcoin and a small correction.

Something to worry? Definitely not.

Staying above $108k and trend remains upwards.

The bull market is here. pic.twitter.com/cHPHz4dxOu

— Michaël van de Poppe (@CryptoMichNL) July 15, 2025

Trading volumes are increasing, indicating active market participation. With a 24-hour trading volume of $147 billion, interest remains strong. Charts continue to show a pattern of higher highs and higher lows. This confirms that the trend is still upward, even with short-term pullbacks.

Spot ETFs add buying pressure

New data shows that inflows into Bitcoin spot ETFs have reached record highs. According to CryptoRank, more than $50 billion has flowed in cumulatively since approval. This ongoing buying pressure keeps pushing the price higher, even on weaker trading days. See:

Bitcoin Spot ETF Cumulative Inflows Hit New ATH

Bitcoin spot ETFs continue to post record-breaking cumulative inflows, adding buying pressure and pushing $BTC price higher. pic.twitter.com/ZgYn4wJAV9

— CryptoRank.io (@CryptoRank_io) July 15, 2025

For long-term investors, this is a positive signal. Institutional interest continues to grow and forms a solid foundation under current price levels.

CPI data could spark fireworks today

At 2:30 PM, the latest US inflation (CPI) data will be released. The expectation is 2.6%, slightly higher than the previous 2.4%. A lower-than-expected CPI could trigger the next move up. On the other hand, a higher number may lead to increased volatility.

Traders are on alert: the next few hours could be crucial for the price trend. But as long as Bitcoin holds above $108K, the path upward still looks open.