Source of the original article: Cryptographic Ah Yao

Cryptocurrency leader Bitcoin hit $71,500 on Tuesday, the highest level since early June.

The flagship cryptocurrency has risen about 12% this month, and its “Upmonth” lives up to its name.

According to data from cryptocurrency analysis firm CryptoQuant, the current rally is being led by whales on the Binance exchange, which are receiving constant inflows of US capital.

Earlier this Friday, a whale withdrew nearly $40 million worth of bitcoin from the Binance exchange, according to Lookonchain's data.

Bitcoin ETF inflows are huge

Bitcoin exchange-traded funds (ETFs) saw a high inflow of $0.479 billion on Monday, according to data provided by Farside Investors.

Unsurprisingly, BlackRock's IBIT injected $0.315 billion worth of fresh capital in a single day.

This is the fifth day in a row that a Bitcoin ETF has flowed in. Over the past 12 trading days, they have inflows of nearly 4 billion dollars. ETF analyst Neta Geraci points out that less than 10% of existing ETFs have total assets of 4 billion dollars.

On Monday, single-day inflows of these products hit their biggest since October 14

Gold hits a new high

Meanwhile, the price of gold recently hit a new high of around $2,760. Despite this, Bitcoin's rival Peter Schiff (Peter Schiff) admits that compared to the flagship cryptocurrency, gold's recent rise won't attract much attention.

Notably, searches for the term “bitcoin” on Google have begun to increase, but it is still relatively low compared to the previous bull market.