Bitcoin's NUPL trend suggests the bull market could extend well into 2025.
Whale activity indicates reduced selling pressure and sustained accumulation.
$300K remains a speculative target, dependent on macroeconomic triggers.
Bitcoin's market behavior mirrors past bull runs, with the NUPL indicator indicating the current rally still has room to grow. Institutional selling pressure has eased, leading to sustained accumulation. However, reaching $300,000 per BTC would require significant macroeconomic catalysts like Federal Reserve easing or regulatory clarity.