Bitcoin ETFs have seen inflows reaching $555.86 million on Monday, pointing to a potential breakout for BTC, according to data from SoSoValue. This marks the highest daily inflow in months, surpassing previous figures seen on June 4, when inflows reached $886.75 million.
In the last 24 hours, Bitcoin has gained 2.2%, aligning with the performance of the CoinDesk 20 index, which tracks major digital assets. Technical analysis suggests Bitcoin could break past the $73,000 mark, supported by the “three-line break chart” indicator, which signals a return to an upward trend after months of sideways movement.
Prediction markets are also reflecting growing optimism. On Polymarket, the ‘yes’ side of a contract predicting BTC will hit a new all-time high in 2024 has surged to 64%, a 9% increase over the past week. Meanwhile, Kalshi’s bettors are placing a 46% chance that Bitcoin will hit $75,000 by the end of this year, a 7% rise in confidence. Bitcoin’s all-time high was recorded at over $71,000 in March 2024.
