Part 4/7:
The inflow of massive capital into Bitcoin is also visible, particularly from institutional sources like BlackRock's spot Bitcoin ETF. In recent weeks, approximately $3 billion has flowed into the ETF, bolstering confidence in Bitcoin's upward trajectory.
In terms of seasonal trends, the "Christmas effect"—a phenomena where Bitcoin rallies as retail interest surges—could be coming into play. Historically, as gains become apparent, more retail investors enter the market, driven by FOMO (fear of missing out). This may lead to Bitcoin's price increasing even further towards the end of the year and into the holiday season.