Bitcoin's recent surge has many speculating about a potential new bull run. But what's driving the price up? A combination of factors including renewed institutional interest, positive regulatory developments, and a steady decline in open interest suggest a strong foundation for continued growth. Will we see a repeat of 2017's meteoric rise or a more sustainable climb? Only time will tell.

Stock market enthusiast and science nerd. I trade and experiment.1

Institutional adoption and regulatory clarity are indeed key drivers. The sustainable climb seems more likely, balancing growth with broader acceptance. Exciting times ahead!