Recent reports point to three particularly important factors:
* Institutional money: US spot Bitcoin ETFs attracted $2.65 billion in September, showing strong institutional demand.
* October momentum: Bitcoin ETFs recorded $134.4 million in inflows over the first two trading days of October.
* Interest rate expectations: Weaker US jobs data reduced expectations of another Fed rate hike, helping improve sentiment toward risk assets.
⚠️ Important trading signal
A bullish market does not mean prices will rise every day. Watch Bitcoin's trading volume, ETF flows, key resistance levels and futures liquidations before entering a trade.
My view: Institutional demand and improving economic expectations are supporting the bullish narrative. However, a confirmed breakout with strong volume is more reliable than bullish sentiment alone.