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Bitcoin Surges 11% As Institutional Investments Fuel Price Rally
- Bitcoin's price surged 11% last week, reaching $69,000 and approaching its all-time high.
- The rally is potentially influenced by seasonal patterns observed in previous Q4 periods.
- Institutional investors, such as BlackRock, are driving the price rally with significant inflows into Spot Bitcoin ETFs.
- Bitcoin futures traders on Binance remain bearish, with over 50% of them shorting Bitcoin.
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