Bitcoin’s recent pump—rising close to $112,000—was mainly driven by:

1. Institutional Buying: Companies like Semler Scientific buying millions worth of BTC.

2. ETF Inflows: Strong demand for spot Bitcoin ETFs increased market confidence.

3. Bullish Sentiment: Positive long-term outlook and upcoming events like the Bitcoin conference.

However, short-term corrections are natural after such a pump. If momentum returns, another surge could happen soon.