Bitcoin's price has surged by 9% in the past week, reaching a three-month high of $69,000.
Despite a decline in trading volume, Bitcoin's active addresses have increased by 19%, indicating rising market demand.
Short positions on Binance indicate expectations of a price drop, but could result in sudden price jumps if Bitcoin moves against the prevailing sentiment.
With significant net outflows from exchanges and key resistance levels approaching, Bitcoin may experience further price movements and potential surges.