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Bitcoin hit the entire time high price of ETF drives despite the purchase of Treasury


While Bitcoin Treasury companies gathered $ 1.2 billion in BTC last week, analysts suggest that the new full time of Bitcoin is more likely to be driven by flows to funds exchanged by Bitcoin.

Bitcoin went to the spike entering the weekend, hitting a new high time of over $ 125,000 on Saturday.

Bitcoin (Btc) Treasury companies bought More than 6,702 coins on Sunday, led by the Japanese investment firm Metaplanet, added 5,258 Bitcoin on October 1.

In comparison, Spot bitcoin etf recorded a net inflow of $ 3.24 billion Last week, they almost match their record week in November 2024.

Source: Bitcointreasuries.net

ETF flows behind the spike price

Vincent Liu, chief investment official in the amount of trading firm Kronos Research, told Cointelegraph that it was the ETF inflows that led to the rise in bitcoin prices.

However, there are other factors, such as “tight exchange supply, a weaker dollar, and macro uncertainty. The powerful institutional demand strengthens the bullish momentum this last weekend,” he added.