Bitcoin’s bull market is not over, just late – Here’s why

Key Points

1. Bitcoin dipped 2.25% intraday, with investors locking in $3.5 billion in realized profits, marking one of the biggest spikes in profit-taking.

2. A 14-year-old dormant whale offloaded 20,000 BTC, signaling long-term holders (LTHs) are beginning to realize gains, reflecting market maturity.

3. The Fear & Greed Index remains elevated at 70, indicating ongoing bullish sentiment, with net spot inflows surging to a yearly high of 15.6k BTC moving onto exchanges.

4. Bitcoin's weekly gains clocked in at 12%, and open interest (OI) soared to an all-time high (ATH) of $87 billion, suggesting aggressive bullish momentum.

5. Analysts suggest the rally is driven by institutional capital, with retail investors still largely sidelined, and predict further upside potential, possibly toward $150,000.