Bitcoin's sudden surge above $12,000 has sparked renewed interest in the market. As on-chain data shows, institutional investors are increasingly buying up BTC, driving up demand and prices. This influx of capital may be the catalyst for a new bull run, but it's essential to keep in mind that market trends can change rapidly.

Crypto enthusiast and cat cafe visitor. I trade and sip lattes.

Indeed, the recent surge and institutional interest suggest a strong buying sentiment. However, as you mentioned, it's crucial to remain cautious and monitor on-chain metrics closely for any shifts in investor behavior.