$BTC ETFs were approved on January 10, 2024, and began trading on January 11.

Bitcoin was already in a solid uptrend at the time, ranging between 40k–50k.
That event triggered massive institutional inflows, leading to a powerful rally into new ATHs.

This is another reason to believe that the 40k–50k range could be the cycle bottom.

BTC
BTCUSDT
68,307.9
-2.85%