Bitcoin rallied to an almost eight-month high as institutional demand strengthened, while crude oil prices fell below $100 and Treasury yields dropped under 5%. SoSoValue data showed $433 million in net inflows into spot Bitcoin ETFs on Friday, alongside $143.8 million for spot Ethereum ETFs. Coinglass recorded 130,362 liquidated traders over the past 24 hours, involving $928.11 million. Bitcoin was priced at $85,996.27, while Ethereum traded at $2,748.30, Solana at $117.42, XRP at $1.51, Dogecoin at $0.09882 and Shiba Inu at $0.055937. Heavily followed trader CrediBULL Crypto said Bitcoin was entering higher-timeframe resistance, increasing the risk of a short- to medium-term pullback, although he said a decline could establish a higher low above $60,000 before a move toward $100,000 or more. Jelle said Bitcoin's higher high marked the start of a new bull market and that a weekly close at $83,000 or above would provide further confirmation. Traders now face the choice of buying immediately, waiting for confirmation or seeking a better entry during a pullback.