This Bitcoin breakout is backed by strong ETF inflows. Last Thursday, Bitcoin registered one of its largest one-day inflows since the launch of the ETFs last year. That’s a clear sign this move is supported by real demand.

Bitcoin ETFs are now the major driver of price action. So making sure a breakout is backed by strong flows is key to separating signal from noise. This one isn’t noise. It’s real signal. Follow @ecoinometrics for more data-driven insights on Bitcoin and macro.