Bitcoin holds above $100K for 30 straight days, signaling strong market price stability.
Institutional accumulation rises as long-term holder selling sharply declines since late May.
States and firms adopt Bitcoin as a reserve asset, deepening its role in finance and policy.
Bitcoin has now completed 30 consecutive days trading above the $100,000 level, marking a key milestone in its market history. This is the first time the cryptocurrency has maintained such a level for an entire month. As of today, Bitcoin is trading at $109,435.00.
Consistent Price Support Strengthens Institutional Confidence
Bitcoin reached an all-time high of $111,980 on May 22 before experiencing a 10% drop to $100,428. However, the price quickly recovered, and since May 8, it has not closed below six figures. The $100,000 level has now become a major point of price stability.
https://twitter.com/BitcoinMagazine/status/1932491173035114611
According to data from CryptoQuant, large institutions continue to accumulate Bitcoin through ETFs, even as some long-term holders have begun selling. From May 27 to early June, long-term holder activity fell from 40,000 to 6,000 Bitcoin, showing reduced selling pressure over time.
Trading activity has remained strong, especially around the $105,000 to $110,000 range. Analysts suggest this may indicate a period of consolidation, where the market gathers strength before testing new highs. The price behavior near this level is drawing attention from both retail and institutional investors.
Broader Adoption Drives Strategic Investment
To date, a total of 228 public and private companies now hold Bitcoin on their balance sheets. In the last month, new firms such as GameStop, Know Labs, and Norway-based NBX have adopted Bitcoin as part of their long-term strategy.
Meanwhile, U.S. states like New Hampshire, Arizona, and Texas have passed laws recognizing Bitcoin as a strategic reserve asset. The CEO of Satoshi Action commented, “New Hampshire didn’t just pass a bill; it sparked a movement,” referring to rising interest in state-level Bitcoin policy.
Financial institutions are also expanding offerings. JP Morgan now issues loans backed by Bitcoin ETFs, while BlackRock’s fund has seen record trading activity. As adoption spreads, Bitcoin’s presence in both corporate finance and government planning continues to grow.
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