Bitcoin ETF Daily Inflow Hits $556M as BTC Appears Primed for Breakout

Weekly inflows might challenge records as technical pointers suggest a BTC rally in the works.

Bitcoin (BTC) exchange-traded funds (ETFs) saw inflows of $555.86 million on Monday, data provider SoSoValue reported, as BTC appeared to be preparing for a rally.

This marks a multi-month record for ETF inflows. The last time the asset class saw higher inflows was on June 4, when it hit $886.75 million.

BTC was trading up 2.2% over the past 24 hours, CoinDesk Indices data showed, outpacing the CoinDesk 20, an index tracking the performance of the largest digital assets.

As CoinDesk reported earlier, one technical indicator called the "three-line break chart" suggests Bitcoin could be poised to break past $73,000, signaling a return to an upward trend after months of back-and-forth price movement.

Prediction market traders have also grown more optimistic about BTC's price potential over the past week. On Polymarket, the "yes" side of a contract that asks if BTC will hit a new all-time high in 2024 was trading at 64%, up 9 percentage points in the last week.

On Kalshi, bettors were giving a 46% chance that Bitcoin's price hits $75,000 this year, up 7 percentage points. Bitcoin hit an all-time high of over $71,000 in March of this year.

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