I think this gain because of BTC ETF news on August 10, Short-term gain
Even if true over all the adoption and good news coming out daily is great. I would rather see progressive adoption and steady growth anyway. If there are really on 17M bitcoins going to ever be in circulation (assuming it is true approx 4M lost) then even reasonable adoption ahead means we are still just at the start here.
A lot of the weak hands have been shaken out now. The strong hands are either weaving in and out or holding hard for the future.