Bitcoin gained roughly 7% in May 2026, holding above $108,000 as spot ETF inflows remained consistently positive across the month. Three new jurisdictions β UAE, Brazil, and Australia β approved spot Bitcoin ETF products, bringing fresh institutional demand. On-chain data showed long-term holders (addresses holding BTC 1+ year) accumulating at their highest rate since October 2024, a historically bullish signal for sustained price appreciation.
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