The Bitcoin market is experiencing a significant surge in demand, driven primarily by institutional investors and long-term holders. This increased appetite for the cryptocurrency has resulted in a substantial accumulation of over 70,000 Bitcoins over the past month, equivalent to $1 billion in daily inflows. The current trend indicates a strong price rally in the near future, with predictions suggesting a potential price of $80,000.

The growth in demand is attributed to several factors, including the increasing confidence of long-term holders and large investors in Bitcoin's future performance. The daily inflows of $1 billion from new institutional investors demonstrate a growing interest in the cryptocurrency market. Furthermore, there has been a notable rise in Bitcoin purchases from spot ETFs in the United States, contributing to the escalating demand.

The subsidence of heavy selling by traders has also contributed to the current market stability, signaling a potential point of equilibrium. The reduced selling pressure has resulted in an unrealized profit ratio of 0%, paving the way for a potential upward trend in Bitcoin prices.

The current bullish cycle is characterized by the increasing involvement of institutional investors, signaling a new era of growth and mainstream acceptance for Bitcoin. As the demand continues to surge, it is likely that the price will follow suit, reaching new heights and solidifying Bitcoin's position as a viable investment opportunity.