I wonder what sparked this pump. Any ideas?
It's just the beginning as we are about to enter the 4th Quarter, 2023 and the last quater of the year prior to bitcoins halving is always bullish.
I was referring to the quick pump we saw yesterday, so I was looking for some news that could have triggered it.
I think you're talking about a general evolution trend on the quarterly time scale. I merited your post anyway.
According to Cointelegraph liquidations and Institutional interest can be the cause of the pump that we have seen yesterday.
And, I believe that such pumps are showing us that soon we are going to enter pre-bull run phase and after a few months we will most probably enter bull run and see so many pumps of higher intensity.
The Sec is also going to accept Bitcoin ETF's sometime during the bull run which will further increase the intensity of the bull run.