Bitcoin continues to show positive dynamics, increasing by 1.87% in the last 24 hours due to growing institutional demand and corporate investments.
Main Growth Factors
The primary catalyst for Bitcoin's rise came from record spot Bitcoin ETF inflows, which totaled $588.6 million on June 24, according to K33 Research. Over the past 30 days, ETF inflows have shown a strong 0.80 R² correlation with Bitcoin price gains, indicating a direct relationship between institutional demand and price action.
Corporate Investments and Regulatory Changes
Corporate treasuries have also contributed to bullish momentum. China-based Aurora Mobile announced plans to allocate up to 20% of its cash into Bitcoin, Ethereum, Solana, and SUI. Meanwhile, Hong Kong’s Securities and Futures Commission approved virtual asset licenses, signaling a more welcoming stance toward regulated crypto platforms. This news boosted regional investor confidence and encouraged capital rotation into compliant digital asset products.
Technical Analysis and Market Outlook
On the charts, Bitcoin broke above a key Fibonacci resistance level at $104,515, confirming bullish momentum. This move strengthens the case for a sustained uptrend, especially if ETF inflows and institutional accumulation continue at the current pace. With macro tailwinds, fresh inflows, and corporate backing aligning, Bitcoin appears poised to maintain upward pressure.
Bitcoin shows signs of sustainable growth thanks to support from institutional investors and favorable regulatory conditions, creating a positive scenario for further strengthening.
