Bitcoin price surges above $81,000 amid potential new bull trend

Bitcoin has experienced a significant price surge, rising approximately 25% in less than two weeks and briefly climbing above $81,000. This movement appears to signal a potential new bull trend, characterized by impulsive growth that breaks through successive resistance levels.

Data indicates a decoupling from traditional equity markets. While the S&P 500 index declined by 1.7%, Bitcoin rose by 25%, causing the one-month rolling correlation between the two to drop toward zero. However, Bitcoin maintains a stable inverse relationship with the US Dollar Index (DXY).

On-chain analysis shows that short-term holders are defending a price floor between $62,000 and $65,000, involving approximately 1.44 million BTC. Long-term holders are positioned at levels between $83,000 and $86,000, holding more than 1.05 million BTC.