Bitcoin's daily profit reaches 4.3 billion USD! Behind the reversal of market supply and demand, bullish signals have fully emerged.

The cryptocurrency market has recently welcomed a critical turning point: on July 17, Bitcoin achieved a profit of 4.3 billion USD, a figure that not only sets a recent record but also surpasses the two peak points of 2024. The changes in market dynamics do not stop there — long-term holders have ended a four-month asset accumulation cycle that began in March and have officially entered the distribution phase, a shift that has become an important barometer for observing the market.

Typically, large-scale profit-taking can easily trigger a price retreat, but the current market shows astonishing resilience. Prices remain stable against a backdrop of increasing supply, which intuitively reflects the strong level of short-term demand, where buyer funds are sufficient to absorb the existing selling pressure; this is a hallmark of a strong market.

The divergence in market conditions seen in the second quarter of this year is still fresh in memory: the Bitcoin rally from April to May was deemed by many analysts as an "atypical market" due to a lack of momentum, far from the active state of a traditional bull market. Now, however, the market has completed a crucial transformation — the demand side continues to exert strength, momentum is gradually building, and new capital inflow is steadily increasing, making the core characteristics of a bull market clearly visible.

From a trend logic perspective, the dual strength of demand and momentum provides support for the continuation of the market. However, dialectically speaking, this sudden burst of market energy is concentrated, and its sustainability is akin to a physical endurance challenge, making it difficult to predict using fixed cycles. For participants, the current stage of market sentiment heating up allows for moderate involvement, but one must remain clear-headed: when the market generally falls into FOMO, rational judgment and risk awareness are key to responding to volatility.