Bitcoin Climbs Towards Past Record High Amidst Stable Buying Activity

Bitcoin prices are surging towards its previous all-time high of $108,786, recently surpassing the $100,000 mark with steady market buy volume. Long-term holders remain steadfast during this climb, signaling a healthier market environment than earlier surges. Analysts point to Bitcoin’s current rebound as unique for its stability. The recent price surge that began around $74,508 in early April has defied previous explosive rallies, exhibiting consistent momentum without overheating signs, according to on-chain and market data. This trend is attracting attention from industry observers closely tracking the connection between price movements, futures funding rates, and market buy volume.