5 Key Indicators for Bitcoin Price That Prove the Bull Run Isn’t Over Yet

Is the Leader Crypto Ready to Breakout? 5 Key Indicators for Bitcoin Price

Amidst persistent macroeconomic uncertainty and heightened institutional interest, the cryptocurrency market has been exhibiting newfound strength in recent times. A number of digital assets have shown encouraging progress. Among these, Bitcoin remains the most prominent asset, drawing interest from both novice and experienced investors.

Bitcoin’s price motion indicates a great possibility for future upward growth despite sporadic volatility. This is supported by a combination of technical indicators, market sentiment, and expanding acceptance. In this piece, we examine five crucial indicators that point to Bitcoin’s continued substantial growth potential just ahead.

Whale Wallets Surge: Bitcoin Investors Bet on a Big Price Jump

In anticipation of future price hikes, major Bitcoin investors have started increasing their holdings. According to data from market intelligence business CryptoQuant, since May 6, the proportion of wallets holding 1,000–10,000 BTC has significantly increased, coinciding with a 16% price gain. CryptoQuant stated in a post on X on May 29 that this is an indication of rising investor confidence.

Santiment, an Ochain data supplier, has pointed out that wallets with between 100 and 1,000 BTC are aggressively accumulating. Over 337 wallets have been created by this group in the last six weeks, bringing their total value to over 122,330 BTC, or over $13.3 billion at current exchange rates.

Spot Bitcoin ETFs See $4.2 Billion Inflows Over 10 Consecutive Days

Massive capital inflows are still occurring in US-based spot Bitcoin ETFs. According to data from SoSoValue, these investment products have seen inflows totaling $4.2 billion for ten days in a row. In its most recent Week Onchain report, blockchain analytics company Glassnode stated that spot Bitcoin ETFs have been subject to a prolonged period of buy-side pressure that began in late April and is still strong today.

This large and sustained buy-side pressure from both retail and institutional investors suggests a continued confidence in the asset, and has been a meaningful tailwind for the market, supporting all previous ATH breaks since they went live in 2024.

Glassnode

Crypto Fear & Greed Index Shows Growing Optimism in Bitcoin Market

The sentiment surrounding Bitcoin and cryptocurrency assets has remained positive on social media. With a noteworthy score of 74, the Crypto Fear & Greed Index, which measures investor mood, suggests that there is widespread “greed” in the market. Interestingly, after remaining below the midlevel from February to April, this measure is now over 50.

The fact that this index has been in the “greed” zone since May 6 is a clear sign of the market participants’ optimism toward the larger cryptocurrency industry. This implies that the price of Bitcoin may reach new heights if the Crypto Fear & Greed Index continues to increase above 85 into the “extreme greed” zone.

Bitcoin Futures Open Interest Soars 54% in 50 Days

Open interest (OI) in Bitcoin futures contracts has increased dramatically since the April local low of less than $74,000. CoinGlass data shows that on April 8, it was worth $50.8 billion, and on May 23, it reached a record high of $80.5 billion. With the current IO at $78.4 billion, up $27.6 billion, or 54%, in just the last 50 days, it indicates a build-up of leverage that frequently accompanies optimistic circumstances.

Markets have historically entered a euphoric phase when the OI stays high for a long time. Investor interest in the futures market is growing, which is helping the price of Bitcoin, which is still trading close to its all-time highs.

Bitcoin’s Next Target? Liquidation Map Points to $115K Breakout

Between the $111,000 and $115,000 levels, a dense cluster of orders can be seen in the liquidation data. As market makers look for liquidity, these positions frequently have the ability to attract the price toward them.

If Bitcoin keeps rising, short sellers will be under pressure to sell, which might lead to a wave of buy orders. Frequently, liquidity maps precede the price. In the short term, the path of least resistance seems to be upward due to the extremely high activity levels above the all-time highs.

For more up-to-date crypto news, you can follow Crypto Data Space.