$BTC Bitcoin has experienced a significant surge today, reaching a high of $104,065 and currently trading around $103,499. This upward momentum is attributed to several key factors: $BTC
U.S. Policy Shifts: The United States has legalized strategic BTC reserves, signaling increased institutional support for Bitcoin.
ETF Inflows: There has been a substantial net inflow into U.S. Bitcoin spot ETFs, with a cumulative net inflow of $40.806 billion since their launch, marking a new historical high.
Whale Activity: A notable Bitcoin whale withdrew 1,139 BTC (approximately $117.43 million) from Binance within a single hour, indicating a bullish sentiment and potential accumulation.
These developments have contributed to Bitcoin's robust performance, with the cryptocurrency now just 4.9% below its all-time high of $109,114. #TradeOfTheWeek #BTCBackto100K 