Bitcoin's demand has surged, evidenced by a significant growth of 177,000 BTC last week. This has driven Bitcoin's price up by 11% week-over-week, reaching a 10-week high of over $67,800.
The significant inflows into U.S. Bitcoin ETFs are notable, with a whopping $458.5 million recorded on a single day: Wednesday.
Polymarket bettors are optimistic, giving a 64% probability of Bitcoin reaching the milestone of $70,000 in October. Meanwhile, large investors and whales remain active in the market, adding to the excitement around Bitcoin's potential future moves.