Bitcoin reached a new high above $107,700 on December 16. This increase was supported by a sustained increase in spot volumes and the reemergence of Coinbase Premium in the US session.

The strong buying in the US session was combined with spot momentum on Binance and futures volumes on KuCoin. New Bitcoin purchases by MicroStrategy and Semler Scientific positively influenced the market movements.

According to independent analyst Willy Woo, $3 billion has entered the Bitcoin network daily in the last 30 days. Strong daily inflows into ETFs are also contributing to BTC’s rise. Share your thoughts in the comments.