Bitcoin's bull rally, fueled by ETF demand, may reach ATH soon. ETF inflows and optimism in the market suggest continued growth.
“The most hated rally because we were not ready for it.”Demirors attributed the price increase to the significant demand created by the ETF, which is absorbing 10,000 BTC per day, compared to the daily mining rate of only 900 coins.
Despite some outflows on the Grayscale side, the net inflows stood at a staggering $10 billion at press time.of around $2.5 billion traded in a single day, putting it on par with some of the largest U.S. equities. The smaller average trade sizes observed hinted at a significant segment of potential investors yet to enter the market. This demand could be unleashed once accessibility improves.Historically, Bitcoin’s volatility has been a point of contention for potential investors.