The biggest factor driving the bull market:
$BTC 's ETF through
1 Phase: Speculation on ETF expectations
October 2023 - January 2024
BTC range: 27000-48000
2 Phase: ETF rollout
BTC: 40000-73777
Net inflow: 17.6 billion USD
Institutional inflow: 55 billion USD
3 Phase: Other ETFs
Other regional ETFs: Hong Kong, Asia-Pacific
Other cryptocurrency ETFs: Ethereum, SOL
1 Inflation -- 2%
CPI: 2.4% (decreased for five consecutive times)
PCE: 2.7% (previous value 2.6)
2 Employment
Non-farm: 25.4 (14.2)
Unemployment rate: 4.1% (4.2)
3 Harvesting globally
1. Exploding other countries' financial markets
2. Flooding the market for global harvesting
