Last week, Bitcoin investment products experienced an outflow of $13 million, while smaller cryptocurrencies like Ether and XRP saw inflows. This trend reversal came after several major catalysts for BTC investment, including BlackRock's filing for a BTC exchange traded fund, which spurred a month-long period of rapid inflows.

Flooring Hut, an online carpet and flooring retailer based in the UK, has followed in the footsteps of Tesla, Microstrategy, and Real Bedford by investing in Bitcoin and adding it to their balance sheet. The company sees Bitcoin as an asset with the best potential for growth of their capital reserves at the moment. Flooring Hut has decided against keeping their cash reserves in a bank account, as Bitcoin could provide the greatest potential for providing returns which ultimately delivers greater value for customers. The company plans to keep the Bitcoin in cold storage to resist rug pulls and will explore the implementation of Bitcoin Lightning Network payments to complement its online payment options.

As per Coinglass data, the entire network has experienced a liquidation of 144 million US dollars in the past 24 hours, and a liquidation of 90 million US dollars in the past hour. Among them, Bitcoin liquidated 31.3 million US dollars, and Ethereum liquidated 9.6 million US dollars.

According to data from Glassnode, long-term bitcoin holders who have held coins for at least 155 days now control 75% of the cryptocurrency's circulating supply, with a record 14.52 million BTC held in these wallets. This indicates that HODLing is the preferred market dynamic among mature investors. Additionally, the rate of flow into wallets controlled by illiquid entities remains strong, suggesting continued accumulation and weakening of sell-side pressures in the market. The number of coins held by these illiquid entities has surged by over 90,000 BTC this month.

Large amounts of Bitcoin and Dogecoin worth $531.71 million have been transferred by crypto whales, according to blockchain-tracking bot Whale Alert. The largest transfer involved a crypto whale moving 14,159 BTC worth $421.71 million from an unknown wallet to another unknown wallet. Another Bitcoin whale shifted 1,890 BTC worth $56.54 million from an unknown wallet to US-based crypto exchange Coinbase. In the Dogecoin market, one entity moved 450,000,000 DOGE worth $32.93 million from an unknown wallet to Robinhood, while another investor shifted 85,000,000 DOGE worth $6.17 million from an unknown wallet to Binance.

Kristy Lynn Felkins, a woman from Nevada, has been sentenced to five years in prison for attempting to hire a hitman on the dark web with Bitcoin to kill her ex-husband. Felkins pleaded guilty to the use of "interstate commerce facilities in the commission of murder-for-hire" in March. She sent 12 Bitcoin, worth $5,000 at the time, to a site on the Tor network called Besa Mafia in 2016, which claimed to offer murder-for-hire services. However, the site was a scam, and no murder took place.

Bitcoin absorption rates, both monthly and yearly, are currently negative, which analysts see as a positive sign for BTC's price. The negative absorption rate could be good news for investors hoping for a climb above $32,000.

According to on-chain analyst Willy Woo, Bitcoin is close to experiencing a surge in value. Woo's fundamental strength indicator (FSI) suggests that Bitcoin is almost done with its re-accumulation phase.

The Bitcoin price may experience increased volatility due to upcoming macroeconomic events. The cryptocurrency is currently experiencing a "volatility squeeze" after a period of sideways movement, which is often followed by bullish momentum.

The Bitcoin community is eagerly anticipating the upcoming fourth reward halving event, which will see the block subsidy drop from 6.25 to 3.125 BTC. This has sparked speculation on how miners will adapt to the diminishing returns, as the reward will continue to decrease over the next two decades.