According to Eric Balchunas, Bitcoin ETF is up 1.2% in pre-market trading, marking the possibility of an eighth consecutive day of gains if current momentum holds. Historical analysis indicates that such streaks—seven or more consecutive up days—are rare and often signal increased trading volumes and bullish momentum in the crypto market. Traders should monitor price action closely as extended bullish streaks can precede short-term corrections or further rallies, as shown by past ETF performances (Source: Eric Balchunas, Twitter, May 1, 2025).