#شارك_أفكارك_حول_BTC The main reasons why the price of Bitcoin (BTC) is poised to maintain a strong upward trend until the end of the month
Bitcoin reached a new all-time high at $111,861 on "Bitcoin Pizza Day," which turned out to be unforgettable. Despite the surge, the price is facing a low bearish action, indicating that investors may have turned overly optimistic about the upcoming fundamental action. Furthermore, some indicators suggest that the BTC Bull Run has just begun, and thus, it is believed that the price maintains a healthy upward trend and remains consolidated in the discovery phase. The current rise in BTC prices is supported by an over 75% increase in trading volume over the past 24 hours, but it surged by more than 100% in the last two days. Despite the massive upward momentum, some indicators that were supposed to heat up are remarkable, suggesting a significant price action is approaching. The Bitcoin funding rate is still low; the funding rate is an indicator of market overheating. Long positions are increasing but have not reached the peaks set during previous rallies. This suggests that future market overheating is hardly noticeable. Short-term capital flows are declining; short-term capital flow can be calculated by looking at the portion of BTC traded within one week to one month. This also defines market overheating, as it showcases the active supply that was last transferred between one week and one month ago. Although BTC price has set new levels, short-term capital flow is not as swift as it was during previous peaks. Whales and investors are refraining from taking profits; shortly after price surges, short-term holders tend to take profits, which has been seen in almost all price increases. In March 2024, profit-taking was significant, leading to a long correction. Now that the price has reached new levels, profit-taking is much lower than it was in November 2024, indicating that whales and retail traders are limited, as they may be waiting for a massive price action. On the other hand, Bitcoin holdings in ETFs have reached all-time highs. The increasing holdings by both retail and institutional investors significantly support the upward trend in the market. This indicates that the Bitcoin market is still in a healthy phase, thus having tremendous potential to maintain a steep upward trend to celebrate new highs in the coming days.
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