$BTC The price of Bitcoin has risen by 25% since its lowest levels on April 9, surpassing the $96,500 barrier in early May, amid a decline in market volatility and a decrease in Bitcoin supply on trading platforms, alongside an increase in liquidity accumulation.

In addition, the movements of long-term investors confirm positive indicators, as they have purchased around 150,000 additional Bitcoins in the past 30 days, enhancing the likelihood of a supply shock.

Moreover, whale purchases of nearly $4 billion in Bitcoin during the last two weeks of April coincide with renewed inflows into Bitcoin exchange-traded funds, reflecting increasing institutional interest.

Regarding the available supply in the market, the volume of Bitcoin on exchanges has dropped to its lowest levels in five years, which 'Bridloff' sees as a sign of decreasing selling intent among investors, particularly in the price range between $80,000 and $100,000.