Bitcoin climbed above $92,000 for the first time in several weeks, signaling renewed strength across the digital-asset market as investors position for potential year-end momentum. The rally comes amid recovering risk appetite in global markets and accelerating inflows into U.S. spot bitcoin ETFs, which have helped stabilize prices after a period of consolidation. For institutional investors in Israel and abroad, bitcoin’s resurgence highlights shifting macro dynamics and growing confidence in digital-asset allocation strategies.

ETF inflows and improving sentiment push bitcoin higher

The latest breakout above $92,000 reflects a combination of supportive factors, including steady demand from spot bitcoin ETFs and a broader rebound in high-beta assets. Several of the largest U.S. bitcoin funds have posted consecutive days of net inflows, reinforcing the perception that institutional exposure to digital assets is widening. Analysts note that ETFs are now acting as a structural source of buy-side liquidity, cushioning bitcoin against macro-driven volatility.

Market sentiment has also improved as global equities extend gains and volatility indices ease. For many traders, bitcoin’s ability to hold key technical levels through recent macro headwinds suggests a solidifying price floor. This has encouraged algorithmic and trend-following strategies to re-enter the market, contributing to upward momentum.

Rate expectations and macro trends shape bitcoin’s trajectory

Bitcoin’s strength comes as traders adjust expectations for U.S. monetary policy. With recent inflation data showing signs of cooling, markets are increasingly pricing in a more favorable rate environment for risk assets. Lower interest-rate expectations typically benefit bitcoin, which tends to outperform during periods of abundant liquidity and tightening credit spreads.

At the same time, concerns over sovereign debt sustainability, particularly in the U.S. and Europe, have revived interest in bitcoin as a potential store of value. Israeli institutional investors, who have been increasing exposure to alternative assets, are closely monitoring correlations between digital assets, equities and real yields to assess how bitcoin responds to evolving macro conditions.

Analysts say a ‘Santa rally’ is still possible

Despite earlier concerns that bitcoin’s rally had lost momentum, several research desks now say a seasonal upswing remains plausible. Historically, digital assets have shown stronger performance during the final weeks of the year, driven by tax-optimization flows, holiday-season liquidity patterns and year-end portfolio repositioning.

Analysts caution, however, that a sustained rally will depend on continued stability across global markets and ongoing inflows into ETFs. Key factors to watch include U.S. economic data releases, volatility in traditional markets, and crypto-specific catalysts such as regulatory developments or major corporate adoption announcements. Still, with bitcoin reclaiming the $90,000 handle, many view the current setup as supportive of further upside.

Looking ahead, traders will be watching whether bitcoin can extend its gains above resistance levels near $95,000–$97,000, which could open the door to a more pronounced year-end rally. ETF flow trends, liquidity conditions, and macro policy signals will remain central to momentum. If supportive factors align, a “Santa rally” may indeed materialize — reinforcing bitcoin’s position as one of the strongest-performing global assets entering 2026.