Bitcoin Surges Toward $75K As Huge Capital Inflows Return

Bitcoin's price recovered to $74,509, marking a 22.5% increase from its recent low, fueled by the return of aggressive capital inflows, particularly from institutional investors. Michael Saylor’s Strategy purchased $1.57 billion worth of BTC (22,237 BTC) over the last week. Furthermore, US-listed spot Bitcoin ETFs saw net inflows topping $763 million for the third consecutive week. Adding to the demand, Japan's Metaplanet raised $255 million to increase its Bitcoin holdings. Analysts noted that the absorption-to-emissions ratio (AER) showed institutional investors absorbing nearly five times the daily miner supply. However, some analysts suggest the recent push above $70,000 is currently being driven more by derivatives positioning (rising long leverage and open interest) rather than sustained spot demand, although the overall market structure has improved.

(Source：Cointelegraph)