According to Milk Road (@MilkRoadDaily), both Bitcoin's price and Bitcoin holdings in spot ETFs have reached new all-time highs, signaling strong institutional demand and overall market health. This dual ATH sets a bullish tone for traders, as increased ETF inflows are historically linked to price appreciation and heightened liquidity. Traders should monitor spot ETF activity as a leading indicator for Bitcoin price momentum, given the direct impact on market supply and demand (source: Milk Road, May 22, 2025).