**Bitcoin Surges to $65K Amid Market Optimism**

Bitcoin (BTC) hit $65,000 on July 16 as fears over the German government selling BTC subsided. However, concerns linger about a potential drop to $58,000 due to Mt. Gox moving $6 billion worth of coins.

**Key Factors Supporting BTC's Bull Market:**

- **Coinbase Premium Turns Positive:** Spot buying on Coinbase Pro is on the rise, with the Coinbase Premium Index flipping positive, indicating strong buying interest.

- **Increased Capital Flows:** Bitcoin investment products are seeing continued inflows, with US spot Bitcoin ETFs reaching a record $16.11 billion in cumulative inflows.

- **Technical Analysis:** Analysts highlight Bitcoin's reclaiming of its "Post-Halving ReAccumulation Range," suggesting a significant trend change.

Despite potential volatility, market analysts remain optimistic about Bitcoin's long-term growth trajectory.