Bitcoin (BTC) has ascended to new heights, reaching $107,780, marking an all-time high. This surge comes on the heels of significant cash inflows into US spot Bitcoin ETFs, amassing over $636 million on Monday. Simultaneously, there has been a noted decline in Bitcoin supply available on centralized exchanges. This scenario creates a conducive environment for price growth, further solidifying Bitcoin’s position in the cryptocurrency market. Investors should remain attentive to these trends, as they signal sustained interest in Bitcoin and could lead to further upward pressure on prices. As market dynamics unfold, traders might find various opportunities influenced by Bitcoin’s rapid ascension.