Bitcoin recently soared to a new record high above $111,000, bouncing back strongly from its early April low near $75,000. This price surge highlights renewed buyer momentum, signaling that more Bitcoin gains are expected over the weekend.
CryptoQuant analysts noted that the Spot Taker Cumulative Volume Delta (CVD) has shifted back into positive territory after months of selling pressure, indicating that aggressive buyers are regaining control in the spot market. This shift suggests sustained demand at elevated prices and points toward further upward momentum.
Supporting this bullish outlook, QCP Capital reported that despite a brief pullback, investor interest in Bitcoin call options, especially at the $130K strike for September, has picked up significantly. Coupled with a more favorable regulatory environment in the US and growing institutional demand through ETFs and spot exposure, the stage appears set for continued Bitcoin strength in the near term.
