Recent analyses indicate that Bitcoin may be poised for a bull run, reminiscent of mid-2020 trends. According to Ki Young Ju, CEO of CryptoQuant, current market activity shows high on-chain activity and significant accumulation by Bitcoin whales, similar to the period before Bitcoin surged to $64,000 in April 2021. Despite low price volatility, on-chain activity remains robust, with $1 billion being added daily to new whale wallets, suggesting potential bullish trends. Additionally, over 90% of Bitcoin supply remains profitable, signaling strong market fundamentals. Rising MVRV Z-Score and M2 money supply further support potential bullish tailwinds for Bitcoin.