<ul><li>Bitcoin has surged almost 20% over the past month, surpassing US$100k for the first time since February and potentially heading towards new all-time highs.</li><li>Bitfinex analysts believe that Bitcoin's breakout is due to strong momentum and predict it will outperform equities and other risk assets as macroeconomic factors become prominent.</li><li>Institutional demand, rather than retail speculation, is driving Bitcoin's price movement, with ETF flows showing a steady allocation trend from institutions.</li><li>Major Bitcoin buyers are accumulating, as evidenced by US spot Bitcoin ETFs receiving nearly US$1 billion in inflows last week, and companies like Strategy adding 13,390 BTC for US$1.34 billion.</li></ul>

Bulls Are Back in Town: Institutional Flows Fuel Bitcoin’s Breakout

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