In the past month, Bitcoin's value has increased approximately 10%. This growth aligns with positive developments in the Bitcoin Spot ETF market, which has seen continuous net inflows since October 11, suggesting a bullish trend.
The consistent inflows into Bitcoin Spot ETFs since mid-October signal investor confidence and interest in the cryptocurrency, contributing to the rising market momentum.
Alongside these inflows, key technical indicators project the formation of a 'golden cross,' a bullish signal, further enhancing market optimism about Bitcoin's potential for continued appreciation.
Analyzing these developments provides insight into how external market factors, such as ETF inflows, can significantly influence Bitcoin's price trajectory.
