@lambertdavid
Today’s rally appears to be the result of a convergence of positive developments. Reports indicate a surge in institutional ETF inflows over the past week, with one leading U.S. fund recording its largest single-day net purchase since launch. Additionally, macro sentiment improved after softer inflation data hinted at potential central bank easing, boosting appetite for risk assets. A major Wall Street bank also issued a bullish research note, upgrading Bitcoin’s year-end price target above $140,000, which fueled retail enthusiasm. Social media sentiment spiked following a high-profile tech CEO’s public endorsement of Bitcoin as a strategic reserve asset. Combined with technical breakouts above resistance and cascading short liquidations, these factors created a feedback loop of buying pressure, pushing Bitcoin sharply higher within a single trading session.
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