According to a report by 10X Research shared with CryptoSlate, Bitcoin is poised for a potential surge to reach unprecedented highs this week, fueled by key factors outlined in the report. The text implies that Bitcoin’s value will rise significantly if the amount of money leaving Grayscale’s Bitcoin ETF falls below $100 million, while significant amounts of money continue to flow into BlackRock. These new ETFs, introduced in January, have had a noticeable impact on the price of Bitcoin due to increased demand from institutional investors. Markus Thielen, the creator of 10X Research, noted that this influence led to a significant 224% rise in Bitcoin’s price in February, reaching $245.71.22. Apart from US-based ETFs, there is a global increase in demand for Bitcoin. The trading volume in Korea has significantly increased from less than $223 billion to almost $24 billion. Additionally, it is expected that once approved, the pending ETF applications in Hong Kong will likely draw in Chinese investors. There are also predictions regarding Bitcoin’s future price performance. (Source: 22024X investigation). Thielen pointed out the changing trends in investments, highlighting that a large amount of money moving into Bitcoin ETFs was originally invested in Gold ETFs. Bitcoin is now seen as a better overall asset in the macroeconomic sense. This belief is supported by the fact that Bitcoin has reacted positively to shifts in interest rate predictions and global events. Additionally, increased interest from institutional investors has resulted in a decrease in Bitcoin holdings on OTC desks and cryptocurrency exchanges.