In my humble opinion, one of the reasons why Bitcoin struggled to make new highs in the last month and a half was due to heavy spot asks absorbing any buy attempts. At the beginning and end of June, we could see these offers being pulled mainly because the price moved quite far from them, giving the market room to mean-revert. Towards the end of last week, we had an impulse move up through the offers, and they were not restacked yet. This lets me think that if we are about to make new all-time highs there are not many reasons to fuck around much and do if from around here. From a technical (imaginary lines) point of view, this also makes sense as price is testing a trendline support and a 50-day SMA while trading above +1 standard deviation of the yearly vwap (fair value). Options data are also pretty interesting, as the demand for puts is relatively high considering we are just shy of the all-time highs. Anyway, just my two cents; I'm long, I'll delete if I'm wrong (probably somewhere under $105k).