Bitcoin increase, Not A Short-term Rebound But Signs Of A Structural Rally

A recent analysis has emerged suggesting that the rise in Bitcoin's price may not be a mere rebound but could lead to a sustained rally. CoinDesk analyst Omkar Godbole diagnosed this upward Bitcoin trend as occurring on a structural basis, differing from the short-term surges seen earlier this year.

He particularly pointed out the increase in Stablecoin liquidity and the strong inflow of funds into Bitcoin spot ETFs as major backgrounds. Additionally, the lack of a Meme Coin overheating trend, the suppression of excessive leverage in the futures market, and the reduction of overall market volatility were interpreted as positive signals.

These factors are converging, leading to the assessment that Bitcoin's upward trend is transitioning from a temporary flow to a more long-term trend. Among market participants, there's a movement to adopt a long-term holding strategy rather than short-term profits, raising expectations for future Bitcoin price trends once again.