Svmuu News Bitcoin The crypto market has recently seen an uptrend. According to market reports, the White House has reached an agreement on the ethical provisions of the CLARITY Act, which is expected to increase the bill’s chances of passing through Congress and pave the way for further participation by institutional investors in the crypto market.In terms of capital flows, this rally is not driven by a single force; institutional investors, long-term holders, and derivatives traders are all showing positive signals. U.S. spot Bitcoin ETFs have attracted cumulative inflows of over $700 million over the past five trading days, marking the longest consecutive period of net inflows since May of this year.a trend that stands in stark contrast to the massive sell-off earlier this summer, when the market faced approximately $7.5 billion in redemption pressure between mid-May and June.
In addition, large Bitcoin whales have continued to increase their positions over the past two months, while medium-sized wallets have been selling; this divergence may serve as a “positive signal” for Bitcoin’s medium-term trend. Meanwhile, activity in the Bitcoin futures and options markets has also rebounded.Recently, a trader or trading group has been buying large quantities of Bitcoin call spread options, betting that Bitcoin will rise to $72,000 by the end of the month. (CoinDesk)