Bitcoin hovers around $95,000 as sentiment took a slight hit from news around the crypto market structure bill.

Bitcoin ETFs saw $100.1 million in net inflows on Thursday, while Ethereum ETFs reported $164.4 million in net inflows.

So Far, So Good For BTC!

Trader and analyst Skew said Bitcoin continues to show an underlying bid, though it is weaker than during the prior U.S. morning session.

He pointed to a significant supply overhang near $98,000, which, combined with choppy conditions, is weighing on price action.

On the downside, Skew highlighted the $94,000–$95,000 zone as critical support, marking prior lower-timeframe consolidation lows and an active bid area.

Michael van de Poppe…

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