The price of Bitcoin has surged to its highest level in two months, reaching nearly $89,560 on November 12, 2024! 🚀

This is driven by two main factors:

Strong inflow into Bitcoin ETFs: In the past week, Bitcoin spot ETFs have attracted over $2.12 billion. On November 12 alone, the inflow into Bitcoin ETFs reached $188.11 million, with BlackRock's IBIT ETF receiving $165.54 million.

Increased short liquidations: In the past 24 hours, short liquidations of Bitcoin reached $17.91 million, surpassing $11.8 million in long liquidations.

Additionally, positive sentiment from the political landscape is also supporting Bitcoin. The possibility of Donald Trump winning the next presidential election creates optimism for investors.

Will Bitcoin continue to break out? 🤔 Let's keep an eye on the market developments.