Bitcoin exchange-traded funds (ETFs) registered significant inflows of $556 million on Monday, marking a recent surge in investment activity, as suggested by data from SoSoValue.

This figure represents the highest inflow seen in multiple months, surpassing the previous high of $886.75 million recorded on June 4.

In the past 24 hours, Bitcoin's price has risen by 2.2%, aligning with the performance noted in the CoinDesk Indices.

Technical analysis indicates a possible upward trend for Bitcoin, with some market participants projecting a target price exceeding $73,000. Recent forecasting data from Polymarket shows that traders estimate a 64% probability for Bitcoin reaching a new all-time high in 2024, reflecting a 9 percentage point increase over the last week.

Additionally, on Kalshi, the market currently assesses a 46% likelihood that Bitcoin will hit $75,000 this year, marking a gain of 7 percentage points since last week.

As traders grow more optimistic about the cryptocurrency's potential, Bitcoin may see continued growth leading into the end of the year.