Bitcoin (BTC) has finally broken out of the top of its bull flag after seven months of sideways price action, raising questions about whether this signals the start of the next stage of the bull market or another failed rally. A daily candle closing above $66,500 would be a positive sign for the king of cryptocurrencies. In recent days, there have been huge net inflows into the U.S. Spot Bitcoin ETFs, with a total of 5.65K BTC flowing into the ETFs on Tuesday, 8.85K BTC on Monday, and 4.21K BTC on Friday. These inflows could signal a supply crunch on the horizon.
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