Bitcoin’s Uptrend Holds Strong as Buyers Push Realized Price Higher

Bitcoin (BTC) continued to flash the bullish signals, as the data and technical indicators are enhanced by narrating the continuous upward trend despite the simple decline in the short term.

At the heart of this optimism, there is a rise in the price achieved in the leading cryptocurrency, which is the main market scale that reflects the average BTC’s average price currently.

The realized price signals are supported by a boy

According to analysis By Cryptoquant Crypto Dan, the achieved price climbs steadily, a trend that usually comes before the upscale momentum instead of slowing the market.

“The reason for the increase in the price is that more and more market participants buy bitcoin at higher prices,” Dan explained, describing the continuous increase as “evidence that bitcoin is still in a bullish direction within its current session.”

Many of this upward movement attributed to institutional flows through the BTC spot ETFS And companies like the strategy, which I recently bought 13,390 BTC For more than $ 1.3 billion. Others also contributed like metaplanet, and gained 1,271 btc For about 126.7 million dollars.

This fixed capitalist flow is not only limited to feelings, but it also pays standards on the series.

This trend also complements a historical shift in Bitcoin supply dynamics. The data from Glassnode shows that the non -liquid supply of the encrypted currency, which is maintained by entities that rarely sell, has reached a cycle above 14 million BTC.

This means that long -term holders secure their hideout and reduce the liquidity of the market, as Santiment informed that the whales have accumulated an additional 83000 BTC last month. Observers often see this coated behavior as a sign that investors are confident that prices will be estimated in the future.

Bitcoin closure in ATH

The artistic image increases the resonance of this ascension. CQ CRAZZYBLOCK analyst recently open The buying rate of Binance Taker is still high, indicating a fixed purchase pressure, while financing rates remained on the main stock exchanges positive.

The pseudonymist, Mr. Wall Street Climate BTC can pay for $ 200,000 before the end of this market cycle.

Nowadays, Bitcoin is trading of about $ 103,468, a slight decrease of 0.9 % over yesterday’s price, after fluctuating between the highest level during the day 104,536 dollars and the lowest level of $ 101,109 per Coingcko data.

The little Dent has not been much out of the BTC gain approximately 10 % in the past seven days and about 22 % of jumping during the past month. In addition, more than 64 % increased on a year, and is close to its highest level ever at 108,786 dollars, which exceeds the current price by less than 5 %.