BTC Price Surge Continues Despite Short-Term Sentiment Slump

Bitcoin's price surge has been accompanied by significant exchange net flows, despite a short-term sentiment slump. The Spot Bitcoin ETF saw net inflows of $2.88 billion between September 17th and 25th, with the price rallying by 10.26% during this period.

The Bollinger Bands tightened in mid-September as the price consolidated around the $74K-$76K zone, but have since expanded with a swift breakout past the $82.3K local highs signaling another bullish expansion phase.

Despite a potential dip towards $80K, long-term holder realized profits are currently at 72%, which is closer to bear market trends. This suggests that many long-term holders may be waiting for further price gains before selling.