$BTC has returned to the spotlight after recording a significant price increase in recent weeks. This rise was triggered by increased institutional interest in crypto assets, including the launch of several Bitcoin ETFs approved by the SEC. On the other hand, on-chain data shows increased accumulation by large investors (whales), while supply on exchanges has started to decrease, indicating weakening selling pressure. $BTC is now not only seen as a speculative asset but also as a store of value alternative akin to digital gold. Traders and investors are now observing the next important resistance level, while considering global macroeconomic factors that could potentially influence the overall movement of crypto prices.
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