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On March 5th, Bitcoin brushed the stars by shattering its all-time high in a financial fireworks display. Reaching a peak unprecedented since November 2021, it seemed nothing could stop its celestial journey. Fund flow data from digital asset manager CoinShares (ST:CS) showed this week that while capital inflows into digital assets resumed after a record-high outflow, a bulk of inflows remained largely biased towards Bitcoin. At the close of the first quarter, leveraged funds, defined as hedge funds and commodity trading advisers by the Commodities Futures Trading Commission (CFTC), set a new record for bearish bets on bitcoin as its price rally neared peak levels. This surge in trading volume has been particularly notable for U.S.-listed bitcoin funds, as spot bitcoin exchange-traded funds (ETFs) were approved earlier this year. The approval of these funds has instilled newfound confidence among investors and reignited enthusiasm and momentum. Read This.top nft cryptos
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