Changes in crypto regulation: Bitcoin could approach 105,000 dollars due to increased liquidity
The price of Bitcoin is facing pressures, but macroeconomic trends and regulatory changes could drive future growth, with BTC very close to returning to six figures.#
It has risen 8% since its low on March 11 of 76,703 dollars, partly driven by large investors aggressively buying the dip with leverage.
Long margin positions on Bitfinex surged to their highest level since November 2024, adding 13,787 BTC in 17 days. Currently at 5.7 billion dollars, this bullish leveraged positioning indicates confidence in Bitcoin's upside potential despite recent price weakness.
Bitcoin/USD (orange, left) versus long margin positions of BTC on Bitfinex (right). Source: TradingView / Cointelegraph
Some analysts argue that the price of Bitcoin is closely linked to the global monetary base, meaning it tends to rise as central banks inject liquidity.
With recession risks increasing, the likelihood of expansive monetary policies increasing the money supply grows. If this correlation holds, Bitfinex whales could be well-positioned to capitalize on a rally above 105,000 dollars in the next two months.
