The last time we saw a surge like this was in the middle of the last bull market

The number of bitcoin addresses with a nonzero balance keeps climbing.

It's not the best metric as it includes dust amounts, but either way it means more and more addresses are created holding at least some amount of bitcoin.

Check it out:

(Source: https://twitter.com/rovercrc/status/1640031104403947522/photo/1)

Does that mean we are in the middle of a bull market for bitcoin right now?!

Perhaps it does...

It just depends on your definition of a bull market and your time frame.

I suspect we are going to see at least two bull markets in the broader context of one larger bull market.

This is likely the first one of those imo.