Bitcoin has experienced a 10% weekly gain, driven by signs of a shift in trader sentiment amid concerning US economic indicators. Data indicates that long-term holders of Bitcoin have aggressively accumulated BTC, as evidenced by the long-term holder realized cap surpassing $18 billion for the first time since September 2024. This rise in the realized cap typically signals accumulation phases, which have historically preceded bullish rallies. Furthermore, Bitcoin's open interest significantly declined before the recent rally, suggesting a solid support level builds around $79,000. After hitting a yearly low of $74,500, the cryptocurrency bounced back positively, aided by favorable economic news, including a lower US CPI rate and a temporary pause on tariffs by President Trump. With analysts observing potential bullish breakout patterns and increased trading volumes, there seems to be cautious optimism for the market's direction in the coming days.

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