Bitcoin has surged past the $78,000 to $79,000 resistance zone, briefly approaching $83,000, according to the Bitfinex Alpha report. This upward movement is attributed to strong spot demand, with a notable increase in spot CVD since May 8, signaling sustained buying interest. Key drivers include ETF inflows and heightened open-market purchases, as long-term holders now possess nearly 4 million BTC, marking the largest accumulation since 2020. Market sentiment is also influenced by a 94% probability that the Federal Reserve will maintain current interest rates in June.