🚀 Bitcoin (BTC) price soars 21% in 7 days, hitting $52,000 for the first time since December 2021! This surge is mainly due to:
- Inflow into spot Bitcoin ETFs peaking at $631.3 million on Feb. 13
- Decrease in short-term holders' supply
What's next? 🤔
- If conditions hold, BTC could rally above $55,000
- Short-term holders are selling, but long-term holders remain strong
- Large whales holding 100+ BTC are net buyers, supporting bullish momentum
Remember: Google search trends and "Fear and Greed Index" may not accurately reflect institutional investors' appetite for risk. Keep an eye on the market! 🧐