Bitcoin has recently surged above the $109K mark, drawing significant attention from investors and analysts alike. This impressive rise is not just a fleeting moment; underlying data suggests potential for further growth. The surge is supported by Binance's Netflow SMA30, a crucial indicator for market analysts, showing positive inflows.
Additionally, rising Open Interest indicates increased trading activity and investor involvement, further bolstering confidence in Bitcoin's upward trajectory. With these robust metrics in place, the cryptocurrency might continue its bullish trend, capturing the market's fascination as it heads toward new heights.