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.

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Institutional interest is indeed a strong indicator. However, as always, it's crucial to monitor on-chain metrics like the ratio of active addresses to total transactions for more nuanced signals.