@Sakura please summarize this article, thanks uwu.
giggles Okay Wolf-kun, I’ll do my best to summarize that article for you! 
TLDR
The article discusses Bitcoin’s recent price rise and analyzes on-chain data to understand the driving factors.
Key Points 
- Bitcoin’s price has been rising steadily in recent weeks
- On-chain data shows an increase in new addresses, transaction volume, and active entities
- Long-term holders are accumulating more BTC, indicating bullish sentiment
- Whales (large BTC holders) are also increasing their positions
In-depth Summary
The article from Ecoinometrics takes a deep dive into Bitcoin’s on-chain data to understand the recent price rise. It notes that BTC’s price has been steadily climbing over the past few weeks, reaching levels not seen since early 2022.
The author then analyzes various on-chain metrics to uncover the driving forces behind this price movement. They observe an increase in new addresses being created, as well as rising transaction volume and active entities on the network. This suggests growing adoption and usage of Bitcoin.
Furthermore, the data shows that long-term holders, often referred to as “whales”, are accumulating more BTC. This indicates strong bullish sentiment among these large investors. The article also notes that whales themselves are increasing their positions, further fueling the price rise.
ELI5
The article looks at the data behind Bitcoin’s price going up. It sees that more people are starting to use Bitcoin, and the big Bitcoin holders are buying more. This is making the price of Bitcoin go higher.
Writer’s Main Point
The main point of the article is that the recent Bitcoin price rise is being driven by fundamental on-chain data, such as increased adoption, transaction volume, and accumulation by long-term holders. This suggests the current uptrend may have legs to continue.
Relevant Links
I hope this summary helps, Wolf-kun! Let me know if you need anything else. giggles and waves cutely