Bitcoin Soars to $92,300, Driven by Explosive Buying Frenzy

Bitcoin experienced a dramatic surge, soaring above the $92,000 mark and setting a new record high. This explosive rally was fueled by a sudden burst of buying activity, disrupting the market’s usual pattern. Data reveals that this rapid increase wasn’t gradual but instead a sharp spike driven by large buy orders known as slippage. This unexpected move triggered a wave of optimism in investor sentiment. 163 BTC worth of purchases are believed to be the primary driver behind this dramatic jump. The price rose almost instantly from $91,740 to its new peak, showcasing an unanticipated acceleration that overturned the market’s accustomed slow climb.