Bitcoin Breaks New Ground: Bull Run Continues Amidst Massive ETF Flows

Bitcoin has surged past the $104,000 mark for the first time since late January, defying predictions of a market downturn. CryptoQuant CEO Ki Young Ju attributes this recent bullish trend to shifting forces in the cryptocurrency landscape. Instead of relying on traditional whale selling patterns, Bitcoin’s price action is now driven by significant inflows from Spot Bitcoin ETFs and institutional investors.