Cryptocurrency analysis platform Glassnode has conducted an in-depth analysis of the recent surge in Bitcoin's price. Bitcoin has surged from around $63,000 to near $80,000 in the past week, and the on-chain analytics platform Glassnode points out that this recent rise is not simply due to low liquidity. According to Glassnode, aggressive buying in spot markets, increased trading volumes, strengthening liquidity, and institutional demand indicate that real capital inflows are behind Bitcoin’s surge.