Odaily Planet Daily reports that Bitfinex has released a report indicating a significant shift in the Bitcoin market last week, with the price rising to an all-time high of $93,318 and a market capitalization reaching $1.8 trillion. BTC has surpassed silver, becoming the eighth-largest asset globally by market capitalization. This increase not only represents the strongest 9-day gain for Bitcoin since January 2021, but it is also likely the largest short-term capital inflow ever seen in any asset class. This momentum suggests that interest in Bitcoin is reaching levels typically reserved for mainstream assets. The assets under management of the spot Bitcoin ETF traded in the U.S. have reached $84 billion, equivalent to 66% of the total assets under management of gold ETFs. Recently, investor enthusiasm has cooled, which is a healthy phenomenon, with a net outflow of approximately $640 million reported over the last two trading days of the week. This flow is not expected to continue. With increased institutional funding inflows and ETFs rapidly capturing market share, the trajectory of Bitcoin seems poised for further long-term growth and may potentially reshape the balance of capital allocation in the coming years.

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