Bitcoin is showing renewed breakout ambition, buoyed by improving market conditions and recovering sentiment. Price action suggests bulls are regaining control after a prolonged consolidation. However, the sustainability of this move hinges heavily on how current BTC holders respond to rising prices in the sessions ahead. Bitcoin Holders’ Potential Selling Threatens Recovery Bitcoin’s MVRV Long/Short Difference indicator recently hit a three-year low, reflecting strengthening profits among short-term holders
source: https://beincrypto.com/bitcoin-breaks-record-amid-rising-price/