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$BTC
Google searches for '
Bitcoin
' are surging as the price hit $76,000 to make a record high this week.
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📊📈 When $BTC makes a new ATH, it benefits from a big performance boost over the following months. The average 3-month return after a new all-time high is twice the typical return over the same period. The median 3-month return after a new all-time high is four times the median return over the same period. If Bitcoin benefits from this boost, we could see BTC at $100,000 by Q1 2025.
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📊👀 $BTC #Glassnode : The Bitcoin Realized Cap has increased by 3.8% over the last 30 days, which is one of the higher inflow levels since January 2023. The Realized Cap is currently trading at an ATH value of $656B, supported by a net 30-day capital inflow of $2.5B.
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📈 $BTC 's leverage ratio hits a 2-year high! The open interest in Bitcoin perpetual swaps relative to its market cap has reached levels unseen since the FTX collapse. With a history of eventual deleveraging (e.g., May 2021), a correction may follow, according to IntoTheBlock.
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📊👀 $ETH 's recent surge has propelled it to just below the $3,000 mark, a historically significant demand zone. While such levels often act as resistance, the strong bullish sentiment may reduce this effect, paving the way for further gains.
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🕵️ Over 57,800 $BTC have gone into accumulation addresses in the last few days, worth roughly $4.16 billion.
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