**Bitcoin's Meteoric Rise to $93k 🚀**
- Bitcoin's price has soared to a new all-time high of $93k, driven by robust capital inflows totaling $62.9 billion in the past 30 days. This surge is largely fueled by institutional interest, particularly through U.S. Spot ETFs, which absorbed 90% of the selling pressure from long-term holders.
- The market is witnessing a shift, with capital moving from traditional assets like gold and silver to digital ones. Bitcoin's market cap now stands at $1.796 trillion, surpassing silver and nearing Amazon.
- Despite increased profit-taking by long-term holders, institutional demand continues to stabilize the market, highlighting the growing influence of ETFs in the crypto space.