Analysis, long-term holders increasing their holdings, institutional investors buying in, and other positive factors are driving Bitcoin up to $95,000.

Mars Finance News: Bitcoin rose to a high of $81,300, bringing the weekly and 30-day cumulative gains to 5% and 21%, respectively. CryptoQuant data shows that, based on 30-day rolling data, the net supply held by long-term holders increased by 331,000 BTC, worth approximately $26.7 billion at Tuesday’s current market price. This accounts for nearly 1.6% of the total supply, indicating increased accumulation as prices rebound. Accompanying Bitcoin’s rise is strong capital inflow into the US spot Bitcoin ETF, with a total net inflow of $1.18 billion over the past three days. On Monday, the net inflow was $532 million, indicating growing institutional interest in BTC. Michael van de Poppe, founder of MN Capital, said on X on Tuesday: “ETF capital inflows have returned to the market, and the market is turning upward toward Bitcoin.” He added, “I expect more funds to flow in over the next few weeks because ETF demand is currently very high.” According to previous reports, institutions are absorbing more than five times the daily newly mined BTC supply. The $84,000 region is a key focus for many traders, as it coincides with a CME gap formed in early February. From a technical perspective, after the price broke above $77,500, a bullish flag pattern was confirmed on the daily chart. A daily close above the 200-day exponential moving average (EMA) at $82,000 will confirm the continuation of the upward trend, with a measured target of $94,800 for the bullish flag, representing an 18% overall increase. The chart shared by crypto investor Cryptocupra shows that after the weekly MACD issued a bullish crossover, Bitcoin’s macro bottom may have already formed, paving the way for further upside.