Bitcoin‘s (CRYPTO: BTC) run to new highs is powered by a synchronized wave of inflows and activity across ETFs, spot markets, and derivatives.

What Happened: Glassnode data shows Bitcoin’s ascent is supported by three key pillars:

ETF & Institutional Flows: Cumulative inflows into U.S. spot Bitcoin ETFs hit $2.2 billion, while daily trading volumes exceeded $26 billion, a sharp reversal from September’s outflows and a clear sign of institutional demand returning.

On-Chain Strength: Network activity has surged, with transfer volumes up 39% and active addresses climbing 11%, reflecting organic usage growth. Nearly 97% of all Bitcoin supply is now in profit, underscoring strong holder… Read more on Benzinga