Top Reasons Why Bitcoin (BTC) Could Stay Bullish Until the Month Ends
Bitcoin recently hit a new all-time high of $111,861 on Bitcoin Pizza Day, making the day even more memorable. Even though prices surged, the bearish pressure has weakened. This shows that traders are feeling confident about Bitcoin's future performance. Some market patterns also point to the idea that the bull run is just getting started, and BTC may continue rising steadily while staying in a discovery phase.
Trading Volume Spikes Sharply
Bitcoin’s price jump was fueled by a sharp increase in trading activity—over 75% in the last 24 hours and more than double over the past few days. Surprisingly, even with this major momentum, key technical indicators that usually signal an overheated market remain calm. This hints that a strong price movement could still be ahead.
Low Funding Rates Show Market Is Not Overheated
The funding rate helps measure if the market is overheated. While long positions are growing, they haven’t hit extreme levels seen in previous rallies. This suggests the market isn’t overheated yet, leaving more room for growth.
Slow Short-Term Capital Movement
Short-term capital inflow, which looks at BTC moved within 1 week to 1 month, is also a sign of market heat. Even with BTC hitting new highs, these movements are slower compared to earlier peaks, showing that the market is not under too much pressure.
Whales and Retail Investors Holding Strong
In past rallies, investors quickly took profits once the price rose. For example, in March 2024, heavy profit-taking led to a long correction. But this time, even after the latest high, profit-taking has been lower than it was in November 2024. This shows that big investors and regular traders are holding their BTC, likely waiting for bigger gains.
Record Holdings in Spot ETFs
Holdings in Bitcoin spot ETFs have also reached their highest levels ever. This shows strong interest from both institutional and individual investors. With this kind of support, Bitcoin’s price trend remains strong and could continue to rise sharply, possibly hitting new highs soon.
