Why Bitcoin Could Break Its All-Time High Sooner Than Most Expect

Core Insights - Bitcoin has seen a 3% increase today, driven by optimism in the crypto market and a weakening US dollar, leading to higher inflows into BTC [1] - Net inflows into spot Bitcoin ETFs reached a multi-week high of $675.81 million, indicating strong institutional interest [2] - The recent inflows contrast sharply with last week's outflows of over $900 million, suggesting a potential return of institutional appetite for BTC [3] Market Trends - If inflows continue, Bitcoin may follow its historical "Uptober" trend, potentially reclaiming its all-time high [4] - The Weighted Sentiment for Bitcoin is on the rise, currently at 2.27, indicating growing trader confidence [4][6] - The recent uptrend in Bitcoin's weighted sentiment suggests a return of optimism, which could support the ongoing rally [7] Technical Indicators - The Aroon Up Line for Bitcoin has returned to 100%, indicating strong bullish trends [8]