TechFlow reports that since last Friday, Bitcoin's price has surged 10%, breaking through the key level of $61,133, indicating a shift in market sentiment from bearish to bullish.
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Retail trading and weekend rally: Bitcoin's rise was driven by retail trading activity and optimism over the weekend.
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Net liquidity inflow: After four consecutive weeks of net outflows totaling $8 billion, the crypto market saw a net inflow of $3.3 billion last week, primarily into futures, stablecoins, and Bitcoin spot ETFs. Meanwhile, Tether reported minting $1 billion worth of USDT.
In addition, trading signals suggested buying MakerDAO (+14.2%), AAVE (+3.4%), and Polkadot over the weekend.
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