Bitcoin's recent surge is driven by several bullish factors. Massive inflows into U.S. spot Bitcoin ETFs show growing institutional confidence, with companies like MicroStrategy and Japan’s Metaplanet aggressively accumulating BTC. Open interest in Bitcoin futures is rising, indicating strong market participation. Political support is increasing too—U.S. politicians are backing pro-crypto legislation and proposing a Strategic Bitcoin Reserve, boosting legitimacy. Additionally, expectations around Fed interest rate cuts and global economic uncertainty are making Bitcoin more attractive as a hedge. All these signals combined are creating strong upward momentum, fueling a significant rally in Bitcoin's price.