BTCMXN +23.85% in 24 Hours Amid Sustained Bullish Momentum

On SEP 6 2025, BTCMXN surged by 23.85% within 24 hours to reach $2,079,218. The pair has continued its upward trajectory with a 180.89% gain over the past week, 285.28% in a month, and an impressive 626.65% increase over the last year. This sharp rise reflects a broader continuation of strong market positioning, consistent with the trend observed in the previous month.

The recent 24-hour rally has drawn attention from market observers, many of whom attribute the movement to renewed institutional participation and a broader acceptance of Bitcoin as a hedging tool. While retail traders have contributed to short-term volatility, the sustained nature of the gains suggests a more structural shift in positioning. The 7-day and 1-month figures reinforce this interpretation, showing that the BTCMXN pair is maintaining elevated momentum across multiple timeframes.

Technical indicators have played a key role in validating the current trend. The 50-day moving average has remained below the 200-day line for most of the year, but recent crosses indicate a potential shift in sentiment. On-chain data also shows a reduction in short-term selling pressure, as measured by the ratio of short to long-term wallet activity. These signals, when combined, suggest a strengthening of the bullish narrative.