The recent surge in Bitcoin's price to the range of $34,000 to $36,000 witnessed a significant capital influx from short-term holders to exchanges, as shown by the daily average of deposited Bitcoins. This influx was well covered by the high demand in the market, indicating a strong bullish trend.

Currently, the selling pressure from short-term holders has significantly decreased, with the average deposited Bitcoins to exchanges experiencing a notable reduction compared to the $34,000 to $36,000 levels. This suggests that the bullish trend in the market remains intact, and price growth can continue despite another wave of demand.