Bitcoin spot ETF continues to see net inflows, 10x boldly predicts BTC will hit a new all-time high next week.

Yesterday, the net inflow of funds into Bitcoin spot ETF reached nearly $1 billion, totaling $15 billion since the beginning of the year, which is the highest amount projected by Bloomberg in 12 months. Bloomberg ETF analyst Eric Balchunas believes that the "third wave" is turning into a tsunami. Even bolder predictions suggest that Bitcoin will hit a new all-time high next week.

10x: Bitcoin Expected to Hit New All-Time High Next Week

10x research boldly predicts that Bitcoin will reach a new all-time high next week. Reasons for this include:

Significant Changes in the Cryptocurrency Market

Following the launch of Bitget's Launchpad, its token BGB surged by 16%, Kaspa's KRC20 launch drove KAS token up by 36%, and Binance's BNB token also hit a new all-time high with a market cap of $105 billion. With the increase in funding rates, Ethena's TVL has reached $31 billion, leading to a 10% increase in ENA last week.

Inflation as a Key Driver for Bitcoin's Rise

Inflation remains high, providing momentum for Bitcoin's rise.

Rising Risk Assets in Related Mining Companies

Bitcoin mining stocks are also on the rise. Bitdeer rose by 13% last night, while Bitfarms emerged as a major acquisition candidate in the industry.

Tether invests in Bitdeer, becoming a major shareholder by buying $100 million of BTDR

Bitcoin Spot ETF Funds Continuously Flowing In as the Third Wave of Momentum

According to Bloomberg's ETF analyst Eric Balchunas, Fidelity's Bitcoin Spot ETF FBTC saw a net inflow of $329 million on 6/4, with the top ten funds receiving nearly $1 billion, marking the second best day since mid-March. In the past 4 weeks, there has been an inflow of $3.3 billion, and a total of $15 billion has flowed in since the beginning of the year, already surpassing Bloomberg's estimated highest value for the 12 months. Balchunas believes the "third wave" is turning into a tsunami.

BTC attempted another rally yesterday, reaching a high of $71,063, with significant resistance above, but only 3.6% away from the historical high of $73,777 in March. Will it, as predicted by 10x, hit a new all-time high next week?