Latest Bitcoin Surge Indicates a More Durable and Healthier Bull Market

Bitcoin's recent price rebound suggests a more sustainable and healthier bull market, according to data from CryptoQuant. Unlike previous cycles where sharp spikes in market buy volume and funding rates were followed by significant corrections, the current rally shows stable funding rates and a decreasing market buy volume on Binance.

This trend indicates a more gradual increase in buying pressure, reflecting a cautious market. On-chain data, including rising Realized Capitalization and a steady increase in market buy volume since 2023, support a constructive market outlook. Factors such as improving tech earnings, political optimism under Trump, reduced AI capex fears, and upcoming FTX payouts could contribute to a strong June rally, especially if Bitcoin manages to retain the $104,731 resistance.