Bitcoin (BTC) has recently reached a new high, but the market is exhibiting some interesting phenomena. Trading data shows that despite the price rise, the turnover rate of BTC has decreased, a counterintuitive phenomenon that suggests holders are generally optimistic about future market trends and are not in a hurry to sell. At the same time, the stock of BTC on exchanges has fallen to its lowest point in nearly six years, further confirming this trend.

It is worth noting that the characteristic of this round of market is that spot funds are gradually increasing, which is different from the past market driven by contracts. A spot-dominated market is usually considered more robust, with relatively small fluctuations. The joint participation of Wall Street institutional investors and traditional main funds has injected new vitality into the market, and the accumulated amount of funds is expected to support the formation of the next wave of rise.

Analysts generally believe that this robust capital accumulation model lays a good foundation for future market development. With the continuous entry of institutional investors and the increasing confidence of retail investors, the market is expected to break through the 13,000 USD mark in the near future. However, investors still need to be cautious, closely monitor market changes, and view short-term price fluctuations rationally.