$BTC Bitcoin Climbs to $66,875, Three-Way Buying Wave ✨

Bitcoin has surged to $66,875, experiencing the largest buying wave of its recovery. This surge isn't coming from a single group; three different demand channels are simultaneously active.

The picture has completely reversed on the spot Bitcoin ETF side in the US. Net inflows have been seen for five consecutive trading days, totaling over $700 million. This is the longest inflow streak since May. This closes the sharp sell-off and record outflow of $7.5 billion between mid-May and June, as previously pointed out by Tagus Capital.

The same signal is evident on the blockchain. Large whale wallets have been accumulating steadily for the past two months, while medium-sized wallets have remained on the selling side. CryptoQuant interprets this divergence as constructive for the medium-term outlook. In other words, large players are accumulating, while small and medium-sized players are realizing profits.

The appetite is even clearer on the derivatives side. Option investors are taking bullish buy spreads targeting $72,000 by the end of the month. This indicates the market's desire to push the trend upwards, viewing $66,875 as an intermediate stop.

The wind is also at their backs on the regulatory side. The White House's agreement on the Clarity Act ethics package is being priced as a step that reduces regulatory uncertainty in the crypto market.

🔹 Current price at $66,875, strongest level in two weeks
🔹 Over $700 million in inflows from spot ETFs in five days, the longest streak since May
🔹 Whales have been accumulating for two months, mid-sized wallets are selling
🔹 Bullish spreads targeting $72,000 by the end of the month are strong in options
🔹 Agreement on the Clarity Act has given confidence to the market

The main topic to watch in the short term is liquidity. This week, the Treasury has a total of $106 billion in issuances: $56 billion on Monday, $37 billion on Thursday, and $13 billion on Friday. This schedule will be watched as the main driver for short-term liquidity.

In summary, this move to $66,875 is not a small group purchase, but a broad-based recovery driven by the simultaneous turn in the direction of ETFs, on-chain securities, and options.

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