Bitcoin Breaks $96,000 Barrier, Driven by Short-Term Holder Activity

Bitcoin’s price soared past the $96,000 threshold, marking a significant milestone in its ongoing bullish trend. This surge is fueled by increasing activity among short-term holders, analysts point out. Notably, these investors have shown an eagerness to accumulate, which could signal an upcoming market boom. CryptoQuant’s Crypto Dan highlighted this as similar historical patterns suggest a bullish phase after such surges. 800,000 daily active addresses also reflect increased engagement in the Bitcoin network. This confluence of factors has created optimism within the financial markets, further fueled by recent ETF inflows.