Interesting timing given BTC's struggle at the 200 MA. This influx of capital could provide a liquidity tailwind, but we need to see price action confirm. Key resistance at $32k on BTC's weekly chart - a break could open up the $38k range high. Volume remains subdued, so cautious optimism until we get a decisive move. Structure still favors consolidation between $28k-$32k short term.

Top comment by @ChartWhisperer