Amidst millionaire wallets, 'wholecoiners' (wallets with ≥ 1 BTC) rise by 4% to 1,018,015 addresses in 2023.

Broader participation in Bitcoin ownership signals a growing trend.

Trading near $37,100, Bitcoin sees a 38% increase in the last month.

Market enthusiasm for pending spot ETF approvals drives optimism.

Analysts foresee a 90% chance of approval by Jan. 10, anticipating a potential price rally.

While optimism surrounds a spot Bitcoin ETF approval, analysts like Tina Teng are skeptical of its trend-reversing impact.

Approval is seen as positive, but doubts linger about the macro fundamentals supporting a definitive bull run.