It’s no accident that Bitcoin has already exceeded $104,000 this morning. The mix of inflows in institutions, record ETF power and growing company adoption has exacerbated the episode. This is what helps contribute to the rise in Bitcoin prices.
Large institutions such as banks, asset managers and even some companies are putting money into Bitcoin through ETFs (exchange-traded funds).
According to Bloomberg data, James Seyffart of Bloomberg ETF Research reported that according to Bloomberg data, spot Bitcoin ETFs have officially reached a new all-time high in life traffic, reaching $40.33 billion. This marks a sharp recovery from the decline earlier this year and expresses strong investor convictions.
“Lifetime network traffic is watching IMO, it’s hard to grow, pure truth, no BS’ maximum limit indicator,” said Eric Balchunas, senior ETF analyst at Bloomberg. “It’s impressive that they can reach new high levels soon after the world ends.
The elasticity of ETFs shows that institutional investors are not retreating not only in recent market corrections, but also starting to buy more signals, which is a key signal that further indicates that the foundation of Bitcoin is strengthening. The data also supports many of these investors’ long-term use, rather than flipping quickly. ETFs are always buying, helping to increase prices.
At the same time, the trend of macro adoption is accelerating. Strategy Chairman Michael Saylor pointed out earlier this week in “Bitcoin 2025” that “Bitcoin Treasury companies are becoming stronger.” Simon Gerovich, CEO of Japanese listed company Metaplanet, shared that he believes more companies will adopt Bitcoin as a reserve asset.
The forecast by strategy CEO Phong Le supports this prospect that the number of companies’ bitcoin holders will be between 70 and 700 companies next year to next year. This is a bold prediction, but Bitcoin is supported as a popularization of Treasury bond assets at a time when the dollar is depreciated and sovereign debt is concerned.
Julien Bittel, head of macro research at global macro investors, shared a chart showing how Bitcoin’s price continues to follow the global M2 currency supply, a measure of global liquidity. His updated chart shows strong correlations and has a clear uptrend. “We’re going to be higher,” Betel commented. Some of them are landing in Bitcoin as more and more money flows into the global economy.
All signs point to power building: through ETFs, corporate finance adoption, institutional demand for M2 relevance and investor confidence seems to be driving bitcoin upward.
Beyond that, there is growing belief that Bitcoin is becoming increasingly regarded as a long-term storage of value, such as digital gold. Most importantly, some investors are turning to Bitcoin to protect their money due to inflation concerns and concerns about the dollar.
ChartsBTC reported this week on X in support of bullish technical narrative that Bitcoin is currently priced at $102,766, reflecting a 10%-to-date growth, up from $93,381 at the end of 2024.
