Bitcoin continues to approach the psychological threshold of $100,000, with a trading price of $96,857 as of the writing of this article. Although the asset's price has slightly retreated from a 24-hour high of $97,000, it has still recorded a 2.4% increase over the past week, maintaining an overall upward trend.
Recent on-chain data shows that market bullish sentiment is increasingly rising. Notably, the significant increase in the buy/sell ratio on the Binance platform indicates that traders' buying behavior is becoming more aggressive.
Some analysts interpret this shift as a potential precursor to further increases, especially in light of forex outflows suggesting a tightening supply.