Bitcoin don reach new high as plenty money dey rush enter from big big companies and people wey don hold am for long no dey sell much, meaning say di market still strong go up.
Bitcoin (BTC) don jump over 47% from im low-lows wey e don reach new record high, all thanks to strong strong demand from big big companies and plenty spot ETF money wey dey flow in. Even with all dis big big gain, wetin dem dey call on-chain metrics—like Long-Term Holder Spent Output Profit Ratio (LTH-SOPR) wey just dey 2.1, far far small pass wetin e be for previous bull market peak—dey show say long-term holders still no want take dem profit. Analysts don talk say old-school Bitcoin investors still dey hold strong, no too much sign say dem dey sell plenty even with the plenty profit wey dem never collect, as bullish MVRV and NUPL readings don show. Most of the wallet people dey gather more coins, only 1–10 BTC holders dey sell small small. Profit-taking still low generally, with profit wey dem don collect during dis rally far small pass wetin e be for previous local tops. Old coins still dey sleep, wey further show say investors believe well well. Big company interest dey swell, with spot Bitcoin ETFs don attract over $5.3 billion monthly inflows and U.S.-listed funds now control over $40 billion in assets. Big companies like MicroStrategy and Metaplanet also dey add to their holdings. Crypto traders suppose see all dis as confirmation say market still dey strong and bullish momentum dey, but dem suppose dey watch well for fast fast rise in LTH-SOPR or plenty money entering exchange, because dem fit signify market reversal.
Bullish
Data wey dey on-chain show say even with Bitcoin wey fly go new high, long-term holders no too dey carry their profit, as LTH-SOPR dey low and their profit wey dem don see no too much. Big big companies wey dey demand Bitcoin still dey rush am, spot Bitcoin ETFs dey see plenty money enter, and public companies dey add more Bitcoin to their pocket. Wetin make am strong be say, long-term holders still dey hold tight, nobody too dey sell, and big companies still dey put money inside. This one show say market mind still strong for bullish. Unless people suddenly begin carry plenty profit or plenty money enter exchange, wetin don happen before show say Bitcoin go still continue to dey go up, so current market dey good for more upward movement.