BTC price rise drives long-term transactions: As Bitcoin’s price increases, long-term holders are actively transacting, redistributing coins and affecting the realized market capitalization. This trend highlights a correlation between capital movements and BTC’s rising value, fostering a more engaged market.
Indicators show continued growth potential: The Pi Cycle Top indicator suggests that Bitcoin’s growth is far from over, revealing a significant gap in moving averages. Historical analysis indicates the current upward trend may lead to substantial price increases and continued bullish momentum.