Bitcoin has experienced a 10% increase over the past week, driven by the re-emergence of margin and spot traders, indicating a potential bullish rally. Notably, Bitcoin's long-term holder realized cap surpassed $18 billion for the first time since September 2024, suggesting significant accumulation among long-term holders. Historically, spikes in this metric have preceded notable price rallies. In addition, Bitcoin's open interest has sharply declined by 28% recently, further supporting the possibility of a price bottom. Following a new yearly low at $74,500, Bitcoin has rallied close to 10%, establishing support around $79,000 according to Glassnode data. This supportive trend coincided with favorable market conditions, including a 2.4% US CPI rate and a 90-day tariff pause announced by President Trump. Analysts have noted promising technical patterns, including a potential bullish breakout, reinforcing the optimistic sentiment among traders.

Source 🔗