I'm not sure of the current increase in bitcoin prices, because I think many investors are still reluctant to hold the long-term. when the price of bitcoin falls, there will be mass sales.
People have started stoking it up now as many would have bought in 6k range and will hold it because they may be seeing the bull run is coming and it is better to buy in dip rather than buying at the rising or at high and then regret that market has fallen