Bitcoin\u2019s (BTC) price broke above $51,000 on Feb. 14 to form a rare Valentine\u2019s Day winning pattern, while ETF fund inflows suggest a possible $55,000 retest.\u00a0<\/p>\n
Bitcoin made history on Valentine\u2019s Day as BTC prices<\/a> rose to a new-yearly peak of $52,040 within the daily time frame on Feb. 14.\u00a0<\/p>\n Thanks to an unusually high buying trend among institutional investors, BTC price crossed the $52,000 mark for the first time since 2021, bringing its month-to-date gains to 20%.\u00a0<\/p>\n The data shows that Bitcoin price has generated 1.3%, 3.03%, 1.13%, and 1.9% gains in the last four Valentine\u2019s Days, respectively, dating back to 2020.<\/p>\n BTC price rallied 3.66% to peak at $52,040 within the daily timeframe on Feb. 14, extending its Valentine\u2019s winning streak to five consecutive years.\u00a0<\/p>\n Breaking it down further, starting in 2020, holders who bought a BTC the night before Valentine\u2019s Day and sold it at midnight would have earned a total profit of $4,196.\u00a0<\/p>\n Looking beyond the price charts, BTC spot ETFs have received significant capital inflows this week, which could drive the rally toward $55,000.\u00a0<\/p>\n In another bullish Valentine\u2019s Day record, BTC spot ETFs saw a record $631 million in net inflows. As the initial uncertainty heralded the Grayscale\u2019s (GBTC) billion-dollar sell-off cools, investors have intensified capital inflows in the spot ETF derivatives products this week.<\/p>\n As of Feb. 14, the cumulative Asset Under Management (AUM) of all 10 newly-launched spot ETF products has hit $10.9 billion.\u00a0\u00a0<\/p>\n The ETF entities captured in TheBlock\u2019s computation include BlackRock, Fidelity, ARK Invest\/21Shares, Bitwise, Franklin, Invesco\/Galaxy, VanEck, Valkyrie, WisdomTree, and Hashdex.\u00a0<\/p>\n At the end of the first trading day on Jan. 11, the total AUM of these firms stood at $851 million. This implies the capital stock has grown by 1,150% over the last 31 days at a cumulative daily growth rate of about 9.2%, or $77 million daily.\u00a0<\/p>\n Effectively, the chart shows that investors are growing more confident after an initial few weeks of uncertainty, reflected in the accelerated capital inflows.\u00a0<\/p>\n If this buying trend continues at its current rate, BTC price looks poised to enter another leg-up towards the $55,000 area in the coming days.\u00a0<\/p>\nBitcoin enters\u00a0five-year Valentine\u2019s Day winning streak<\/h2>\n
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Bitcoin ETFs AUM crosses $10 billion<\/h2>\n
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