Bitcoin Rally Shows Durability Amid Strong Buyer Engagement
- On-chain metrics indicate ongoing Bitcoin rally is durable.
- Strong engagement from first buyers and momentum buyers noted.
- Profit takers show moderate activity, suggesting sustained demand.
- US spot Bitcoin ETFs recorded a net inflow of 31,323 BTC ($2.9 billion) last week.
- This inflow is the fifth-largest weekly BTC inflow on record.
- Bitcoin price is $95,370, up nearly 1.5% in the past 24 hours.
The recent Bitcoin rally appears durable due to strong engagement from new and trend-following participants, with US spot ETFs seeing significant inflows of 31,323 BTC worth $2.9 billion last week. Bitcoin’s price has risen nearly 1.5% in the past day to $95,370.
Source (2.6)https://dailyhodl.com/2025/04/30/recent-bitcoin-rally-showing-durability-according-to-glassnode-heres-what-the-analytic-firm-means/?rand=59076
