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Bitcoin (BTC) has once again shattered previous all-time highs, climbing beyond critical resistance levels and currently trading above $81,000 after a significant double-digit surge over the past week.

According to the CoinMarketCap data, BTC is currently trading at $81,236.21 after witnessing a 17.66% surge in seven days. Despite BTC making new all-time highs, Coinglass data reported that $731 million was liquidated in the past 24 hours, indicating substantial volatility amid the bull run.

The unprecedented net inflows of $1.38 billion into Bitcoin spot ETFs yesterday have bolstered BTC’s price momentum, according to insights from QCP Capital, a digital asset trading firm. This surge in demand comes as investor optimism rises following Donald Trump’s victory in the U.S. presidential election and expectations of a 25 basis point rate cut by the Federal Reserve. 

These factors propelled BTC to a high of $77,000 earlier in the day, setting the stage for continued upward movement, stated the trading firm. 

However, as markets react to Trump’s proposed 60% tariff on Chinese imports and concerns about the national debt, some investors have pulled back from “Trump trades.” The US dollar has reversed much of its post-election gains, and Treasury yields have stabilized after a brief period of fluctuation.

According to QCP Capital, these developments may allow BTC to carry a lower risk premium compared to equities, positioning it to outperform other risk-on assets in the near term. 

The sustained bullish trend in BTC could also establish a feedback loop, with rising ETF inflows supporting higher BTC prices, which in turn attract more retail capital and systematic fund purchases as volatility eases.

Bitcoin's record-setting rise and strong inflows are driving fresh enthusiasm in the digital asset market, suggesting that BTC may continue to build on its momentum in the weeks ahead.