Bitcoin Exhibits Market Behavior Resembling Previous Bull Runs

Based on the data collected, there has been a positive influx of $122.1 million into ETFs during the current week. This continuous stream of capital signifies a robust demand from buyers, which is bolstering the Bitcoin market. Santiment’s on-chain analysis further reinforces this trend by revealing that Bitcoin wallets holding a minimum of 10 BTC have augmented their holdings by an impressive 154,560 BTC over the last five months. This accumulation pattern exhibited by larger wallet holders serves as a significant indicator of market sentiment that is typically linked to bullish periods.