I'll take those two reasons as valid, but for me, the main driver here is really institutional adoption...that’s the strongest signal that the Bitcoin market is becoming more trustworthy and mature. When people see big institutions buying in, it boosts their confidence and encourages them to follow the same path.

This current rally feels different from the past ones,  it’s no longer just about manipulation or hype. It looks more solid and sustainable. The only downside for me is that I probably won’t get the chance to buy cheap BTC again if there's no major dump coming. That part kinda sucks.