Bitcoin Go Up Becos of Spot Demand As CryptoQuant Bull Score Reach 80, Show Say E Get Strong Bullish Trend
Bitcoin don pass $103,000, because spot demand increase well well and people get hope for crypto market again. CryptoQuant Bull Score Index, wey dey calculate ten main things like how money dey flow, wetin network dey do, and money wey dey enter market, jump from 20 go 80—one of the highest dem don see for over one year. Before before, Bull Scores wey pass 60 dey show say market go continue to dey go up. This recent increase link to plenty ETF money wey dey enter and big companies wey dey show interest, wey change the way market dey look down for April when the index just be 10. Data for the system also show say regular people dey participate well, with over 344,000 new wallets wey dem create in one week, meaning say fear of missing out (FOMO) fit dey. The CEO of CryptoQuant talk say the normal selling wey big holders dey do, institutional demand and ETF investments dey balance am. The way crypto dey join with normal financial system (TradFi), including plans like the one dem talk about for U.S. Bitcoin Strategic Reserve, dey change the way market dey behave based on past times. For the past 30 days, Bitcoin don increase by 33.7%, and don almost reach 70% increase since last year, even though e still dey 5% below the highest e ever reach. Although analysts gree say the high Bull Score and plenty spot demand show positive movement, dem advise say make people careful because things fit change fast based on how economy and government rules be. Traders suppose use the Bull Score as something to confirm wetin dem think, but make dem still manage their risk well. Generally, wetin dey happen now show say Bitcoin get good future, as big companies and regular people dey put money inside and how market don behave like this before.
Bullish
Di CryptoQuant, dia bull score index don rise go up to 80. This one happen because spot demand don increase well well, institutions don dey put money, and ETF money don dey pour in. E mean say market don dey change strong strong go where Bitcoin go dey do well. As we don see before, when this kind score high like this, na sign say price go just dey climb for long time. Other signs wey show say market good na say plenty people don dey open crypto wallets, and all the sell pressure wey small small people dey do, big institutions don dey absorb am with new demand. Even though market fit still shake small small for short time because of big big economic or government rules wahala, the way things be now with all the data wey we see, how investors feel, and how people don dey join market, e show say market good for short time and even for long time gains.