Bitcoin rose above $107,000, driven by institutional demand, corporate adoption, and a technical breakout, signaling confidence in its positive trajectory.
Record spot Bitcoin ETF inflows totaling $588.6 million on June 24 strengthened the correlation between institutional demand and price gains.
Corporate treasuries like Aurora Mobile and The Blockchain Group allocating funds to Bitcoin, along with regulatory support from Hong Kong, fueled bullish sentiment.
Bitcoin's technical breakout above $104,515 and the alignment of macro factors suggest a sustained uptrend, potentially leading to further gains as new capital enters the market.