Bitcoin (BTC) reached a monthly high of $79,472 on Wednesday, marking its strongest 28-day return since April 2025. The rally aligns with a shift in a market positioning metric and a surge in leverage use. The Bitcoin positioning index has risen to 4.5 from -10.9 in February, indicating a consistent improvement without breaking the price trend. The growth in open interest also indicates new capital entering derivatives markets. The $81,000 level is seen as a potential test area for buyers, with a small fair-value gap indicating a liquidity imbalance.