Bitcoin’s price is nearing a new all-time high, trading around $72,000. This rise is largely driven by inflows into Bitcoin ETFs, with the ETFs holding over one million BTC
The growth signals robust institutional interest, reducing Bitcoin’s available exchange supply. Bitcoin’s dominance in the crypto market reached levels last seen in 2021, suggesting a shift in investor focus towards established assets. Analysts attribute the price momentum to institutional demand and evolving yield opportunities in the ecosystem. As more holders move BTC into yield-generating protocols, a supply squeeze effect is emerging, adding upward price pressure. The market now anticipates a potential breakout, especially as technical indicators align with strong macro trends.
