Bitcoin’s price surged above $72,000 this week,# marking an 8% increase, driven by growing investor interest and expectations of a Republican victory in the upcoming U.S. presidential election. On October 28, new investments into Bitcoin Spot ETFs totaled $479.4 million, with significant contributions from BlackRock and ARK Invest. BlackRock’s fund alone received over $300 million, pushing #BTC back to $70,000 for the first time since July.$BTC

“Whales,” or large investors, are showing strong demand for Bitcoin, with institutional interest now doubling that of retail investors. Additionally, Bitcoin’s open interest in futures reached a high of $42.6 billion, indicating strong upward momentum.