Bitcoin has continued its impressive climb, now just a 1.8% decrease away from its all-time high (ATH) of $73,737 reached in March 2024.

Trading above $72,000 at press time, BTC has posted a nearly 10% increase over the past week and is up by 0.2% in the past day. This consistent upward trend reflects renewed investor confidence, bolstered by metrics signaling strength in Bitcoin’s fundamentals.

Additionally, this recent price rally appears to be largely driven by long-term holders (LTH) who are actively accumulating Bitcoin, as highlighted by CryptoQuant analyst Darkfost.