What’s Driving the Rally?

[johnblockbuster]

Robinhood’s listing sparked an initial 59% surge on October 9.

On-chain data shows exchange reserves fell 30% over the past month, indicating long-term accumulation.

Daily token creation on the Zora platform remains strong at around 30,000 tokens/day, showing ongoing ecosystem growth.

The combination of exchange news and on-chain accumulation is fueling bullish market sentiment.

[Nahid10]

Likely a mix of institutional inflows and renewed confidence in Bitcoin’s technical strength after consolidation.

[EmTeam]

Macro optimism and strong liquidity from ETFs seem to be the key factors fueling this latest rally.